In its newest chapter in Egypt, the International Islamic Trade Finance Corporation (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group, launched the “SheTrades” initiative in Egypt, which is implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program.
H.E Dr Hala El Said, Minister of Planning and Economic Development, noted that “Egypt’s total cooperation portfolio with the International Islamic Trade Finance Corporation amounts to US$12.5 billion, underscoring the value of this partnership. ITFC backs a number of distinguished projects and programs, particularly the Aid for Trade Initiative for the Arab States, that support trade facilitation, youth employment, capacity support, addressing non-tariff measures, and skills development for Egyptian exporters. To help women contribute to the well-being of their families and the overall society, the SheTrades Egypt project was specifically designed to achieve the strategic goal of empowering women economically by focusing on supporting entrepreneurs in the handicraft sector. This sector is an extremely important target, as one out of every five Egyptian companies in the handicraft sector is owned by a woman.”
To read the rest of this article, please visit here