Jeddah / Tashkent, 19th August 2021 -The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) hosted a webinar themed “The Role of Credit and Political Risk Insurance in Resource Mobilization in the Post COVID-19 Era”.

The Webinar shed light on the de-risking tools that can help reverse the impacts of the COVID-19 Pandemic and showcasing the Credit and Political Risk Insurance (CPRI) solutions offered by ICIEC and how they can enable recovery efforts, including vaccines procurement assistance for Member Countries.

Moreover, the Webinar showcased some of the innovative structures and initiatives adopted by ICIEC and partners to unlock resources and support member countries during the COVID-19 pandemic and re-emphasized the role of partnership among various development players and the private sector.

A group of speakers and panelists experienced in the trade, credit and investment trends and insurance took part in the webinar. ICIEC CEO, Mr. Oussama KAISSI, gave the opening remarks, followed by a keynote address by H.E. Amadou Hott, Minister of Economic, Planning and Cooperation, and IsDB Governor for Senegal. The Panel Discussion comprised ICIEC CEO, Mr. KAISSI; Mr. Brahim Benjelloun-Touimiis, Group Executive Director and General Director of Bank of Africa; Mr. Yerdan Bekkhozhin, Deputy Chairman of the Board of Kazakh Export; and Mr. Stephen Gargiulo, Head of Global Markets, ICBC Standard Bank plc.

The event was moderated by Ms. Cornelia Meyer, Chairman & CEO, Meyer Resources. It also featured a lively Q&A session with the panelists to encourage further discourse and promote market education.

Other participants were senior government officials, banks, regional development banks, ECAs, chambers of commerce, business association leaders, and Investment Promotion 11.

About ICIEC

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is a member of the Islamic Development Bank (IsDB) Group, effectively its export credit and investment insurance arm. ICIEC was established in 1994 as a multilateral institution to strengthen the economic relations between member countries of the Organization of Islamic Conference. ICIEC’s vision is to be recognized as the preferred enabler of trade and investment for sustainable economic development in Member Countries. Its mission is to facilitate trade and investment between member countries and the world by providing Shariah-compliant risk mitigation tools and financial solutions. For more information, visit: http://iciec.isdb.org