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ICI E C

The Islamic Corporation for the Insurance of the Investment and Export Credit. ICI E C. ICIEC. ROLE IN SUPPORTING. AFRICAN EXPORT CREDIT. ISLAMIC DEVELOPMENT BANK GROUP Private Sector Services. A FEW WORDS ABOUT ICIEC. ICIEC IN BRIEF.

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ICI E C

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  1. The Islamic Corporation for the Insurance of the Investment and Export Credit ICIEC

  2. ICIEC ROLE IN SUPPORTING AFRICAN EXPORT CREDIT

  3. ISLAMIC DEVELOPMENT BANK GROUPPrivate Sector Services

  4. A FEW WORDS ABOUT ICIEC

  5. ICIEC IN BRIEF -Legal status: International institution with full juridical personality -Date of establishment: 01/08/1994 -Authorized Capital: US $ 140 000 000 -Shareholders: IDB + 29 Islamic countries -Objective: To enlarge the scope of trade transactions and the flow of investments among Member States of the Organization of the Islamic Conference

  6. ICIEC’s EXPORT CREDIT SCHEME • -POLICIES • Exporters: CSTP and SMTP • Bakers: BMP • -INSURABLE RISKS • Commercial Risks • Non-commercial risks • -ELIGIBLITY CRITERIA • Policyholders • Buyers • Goods / Contracts

  7. RECENT OPERATIONS DATA • -EXPORT CREDIT: • Policies in force: 51 Policies • Global Policy Limit: US$ 1,332 million • Commitments: US$ 154 million • -INVESTMENT INSURANCE: • Policies in force: 1 Policy • Policy limit: US $ 13,4 million

  8. ICIEC’S ROLE IN SUPPORTING AFRICAN EXPORT CREDIT

  9. ICIEC MEMBERSHIP FROM AFRICA • -ACTUAL MEMBERSHIP: • ALGERIA • CHAD • CAMEROON • EGYPT • GAMBIA • GUINEA • MALI • MAURITANIA • MOROCCO • SENEGAL • SUDAN • TUNISIA • UGANDA

  10. ICIEC MEMBERSHIP FROM AFRICA • -POTENTIAL MEMBERSHIP: • BENIN • BURKINA FASO • COMOROS • DJIBOUTI • GABON • GUINEA-BISSAU • LIBYA • MOZAMBIQUE • NIGER • SIERRA LEONNE • SOMALIA

  11. EXAMPLES OF ICIEC’s SUPPORT TO AFRICAN INTRA-TRADE • -TUNISIA TO GAMBIA • Export of buses • -TUNISIA TO MORROCO • Export of automobile tyres • export of automobile batteries • -MALI TO SENEGAL • Export of raw cotton fiber • -EGYPT TO MALI • Export of building materials

  12. MEMORANDA OF UNDERSTANDING WITH FAGACE (BENIN) SMAEX(MOROCCO) ECGE (EGYPT) CAGEX (ALGERIA) EDBE (EGYPT) COOPERATION WITH AFRICAN EXPORT CREDIT AGENCIES AND TRADE PROMOTION INSTITUTION

  13. LOCAL AGENTS APPOINTED IN MEMBER COUNTRIES TAKAMUL (ALGERIA) BISMASSUR(CAMEROON) LIB CO (CAMEROON) EZZAHRA (TUNISIA) AFRO-ARABE C.I. (UGANDA) LOCAL AGENTS IN AFRICA

  14. END THANK YOU

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