Algiers: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a part of the Islamic Development Bank (IsDB) Group, has entered into a memorandum of understanding with the Nigerian Export-Import Bank (NEXIM) during the IsDB Group meetings held in Algeria.
According to Saudi Press Agency, the agreement sets a strategic framework for cooperation between ICIEC and NEXIM, with an emphasis on investment insurance and export credit. This partnership aims to bolster financial and commercial ties, promoting economic growth in ICIEC member countries and beyond.
The collaboration will enable the exchange of expertise in export credit and investment insurance, joint marketing initiatives, and the development of specialized products for the export and investment sectors. Additionally, it will implement capacity-building programs to help NEXIM achieve sustainable, long-term results.