The international islamic trade finance corporation (itfc):ized enterprises (SMEs) in accessing both global and local markets. This initiative is a collaboration between the International Finance Corporation (IFC), the African Export-Import Bank (Afreximbank), the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), IsDB, and ITFC.

According to Saudi Press Agency, ITFC emphasized that increasing SMEs’ participation in global value chains enhances trade opportunities and promotes improved environmental and social practices. This is facilitated through the Supply Chain Finance Task Force, which operates under the Multilateral Development Banks (MDBs) Working Group of the World Trade Organization (WTO).

The involvement of SMEs in global value chains creates better opportunities for trade, value integration, and positive performance incentives. The ITFC’s initiative aims to bolster the capabilities of SMEs, enabling them to engage more effectively in international markets,
thereby contributing to economic growth and sustainability.