Key Interventions and Impact
SME and Financial Inclusion Facilities
Primary impact and contribution to SDGs
Financial Inclusion and SME Growth: ICIEC provided NHFO-SOE cover for a Murabaha facility to Agrobank, aimed at financing microfinance and Small and Medium-sized Enterprises (SMEs) projects through digital platforms. This initiative enables broader access to Shariah-compliant financing for entrepreneurship and aligns with Uzbekistan’s financial sector reforms.
ICIEC also issued four BMP policies to cover financing facilities extended to Aloqabank, Business Development Bank, and TuronBank. These facilities supported the import of capital equipment, medicine, wheat, and edible oil, directly contributing to market stability, job creation, and improvements in the healthcare sector.
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Black Sea Trade and Development Bank (BSTDB) Facility
Impact and Contribution to SDGs
Regional Development and Sustainable Finance: By issuing a Non-Honoring of Financial Obligations by Multilateral Development Banks (NHFO-MDB) policy for a EUR 75 million long-term financing facility from Standard Chartered Bank to BSTDB, ICIEC enabled the mobilization of capital for a diverse portfolio of development projects in the infrastructure, energy, and industrial sectors. This intervention reinforced BSTDB’s role as a regional development catalyst and ensured the projects had substantial economic, social, and environmental impacts.
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Eastern and Southern African Trade and Development Bank (TDB) Facility
Impact and Contribution to SDGs
Infrastructure and Trade Growth: The NHFO-MDB policy secured a EUR 250 million financing package for TDB, unlocking critical capital for high-impact infrastructure, energy, and trade-finance initiatives. This strategic risk mitigation accelerated development, connected markets, and is expected to create dignified jobs across the six common Member States.
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SOHAR Port and Freezone Development
Impact and Contribution to SDGs
Logistics and Trade Facilitation: ICIEC’s Specific Transaction Policy (STP) for Royal Boskalis supported the deepening of navigation channels and enhancement of jetty facilities. This project is critical to expanding Oman’s logistics capacity, boosting international trade, and strengthening the country’s position as a regional hub. The project contributes to positioning the country as a competitive regional gateway and a key hub for international commerce.
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Nigeria’s Export Financing
Impact and Contribution to SDGs
Export Promotion and Financial Stability: ICIEC issued a USD 100 million insurance policy to Sumitomo Mitsui Banking Corporation (SMBC), significantly boosting Nigeria’s export financing capacity. This intervention enhances the confidence of international banks in Nigerian trade, facilitating smoother financial operations and promoting the diversification of the national economy.
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Lagos–Calabar Coastal Highway
Impact and Contribution to SDGs
Regional Connectivity and Trade Facilitation: ICIEC supported strategic financing for this major infrastructure project, which is critical for advancing regional connectivity, reducing logistics costs, and boosting trade along Nigeria’s coast. The project is a key enabler for economic diversification and job creation.
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Karbi Substations Project
Impact and Contribution to SDGs
Power Infrastructure and Economic Stability: ICIEC’s reinsurance support to Euler Hermes (the National Export Credit Agency of Germany) strengthens the reliability and capacity of Iraq’s power infrastructure, specifically the Karbi Substations. This is vital for supporting industrial growth, improving quality of life, and ensuring the economic stability necessary for attracting investment.
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Çeşmeli–Kızkalesi Motorway PPP Project
Impact and Contribution to SDGs
Regional Connectivity and Economic Growth: ICIEC’s Non-Honoring of Sovereign Financial Obligations (NHSFO) cover de-risks the financing for the Çeşmeli–Kızkalesi Motorway, a project that significantly enhances regional connectivity, reduces travel time, and stimulates economic activity, particularly in tourism and trade, along the Mediterranean coast.
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Kars–Iğdır–Aralık–Dilucu High Standard Railway
Impact and Contribution to SDGs
Strategic Transport Infrastructure and Trade: ICIEC’s support for this project will boost trade and economic development by strengthening Türkiye’s role in the Middle Corridor, lowering transport costs, and improving freight connectivity between Asia and Europe. The project is expected to stimulate regional growth in Kars and Iğdır through new opportunities in logistics, industry, and employment, while advancing sustainability by shifting freight from road to rail and lowering emissions.
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Reinsurance cover for Sinosure: obi laterite nickel ore hydrometallurgy project
Impact and Contribution to SDGs
Strategic Industrial Investment and Mineral Processing: ICIEC’s reinsurance participation mobilizes and retains long-tenor foreign direct investment (FDI) into an OIC member country, mitigating risks of Inconvertibility and Transfer Restriction, Expropriation, and War and Political Violence. This strengthens project bankability, supports capital permanence, crowds in additional financing, accelerates industrial value addition through local processing and downstream linkages, and contributes to foreign exchange generation through higher-value exports.
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