Messages from The CEO of ICIEC
2024 was a year of remarkable progress for ICIEC, marked by strong growth, strategic expansion and deepened impact across our Member States. With cumulative Business Insured since inception now exceeding USD 121 billion, half of it generated in the last five years—and USD 57 billion dedicated to intra‑OIC trade and investment, we continue to drive innovation, strengthen resilience and unlock new opportunities for sustainable trade and investment.
Despite global volatility, ICIEC recorded its seventh consecutive technical surplus, posting 2024 net results of USD 24.9 million—up 4 % from 2023.– while maintaining our prestigious Aa3 rating from Moody’s for the 17th consecutive year and securing an AA- with stable outlook from S&P Global Ratings.
Our strategic milestones included welcoming the Togolese Republic as our 50th Member State, advancing the implementation of our third General Capital Increase, and deepening our commitment to sustainability through the approval of our Climate Change Policy and the dedication of 13% of our insured business to climate initiatives. These achievements, coupled with USD 1 billion in approved food-related transactions through our Food Security Response Program, demonstrate our unwavering focus on fostering economic resilience and sustainable development across our Member States.