ICIEC and ICDT hosted a joint Webinar on July 13th, 2020

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Islamic Centre for Development of Trade (ICDT) jointly organized a Webinar on the “Impact of COVID-19 on the Insurance of Investment and Export Credit for Strengthening Intra-OIC Trade and Investment”, on Monday July 13th 2020.

This Event, which was hosted by Dr. Oussama Abdel-Rahman Kaissi - CEO of ICIEC and Mrs Latifa Elbouabdellaoui - Director General of ICDT, witnessed the participation of Mr Tarig Khalil Osman (Chairman of United Insurance Company of Sudan), Mr Enis Gultekin (DG of Turk Eximbank), Sheikh Khalil Al Harthy (CEO of ECGA of Oman),and Mr. Massimo Falcioni, CEO of Etihad Credit Insurance (ECI of United Arab Emirates) as the Moderator of the Webinar.

During this high-level virtual forum, participants discussed the role and experiences of insurance and export credit agencies (ECAs) in OIC countries along with the insurance sector response to the COVID-19 pandemic, while highlighting the importance of the investment and export credit insurance sector in covering risks for countries, local companies, and international trade partnerships.

“ICIEC is pleased to take part in this webinar with ICDT,” said Mr. Kaissi. “It’s critical that institutions with the mandate and means to support the response to COVID-19, are active in their efforts to do so as trade tensions are only worsened when credit insurance becomes more constrained. Credit insurance was designed to be a risk mitigation tool during times of economic uncertainty. ICIEC stands in solidarity with our partners and member countries - focusing immediate efforts on supporting their urgent needs”.

The Event ended with the concluding remarks of Mrs Latifa Elbouabdellaoui, Director General of ICDT.