The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) is set to demonstrate its pivotal role in addressing trade and investment risks during the 2026 Annual Meetings of the Islamic Development Bank (IsDB) Group.
As part of the Private Sector Forum, the ICIEC will convene a high-level roundtable on Thursday, June 18, 2026, in Baku, Azerbaijan. This session, titled “Mitigating Trade and Investment Risks for Regional Prosperity,” is designed to bring together a diverse group of stakeholders, including government officials, financial institutions, investors, and development partners. The primary objective of the gathering is to examine how specialized risk mitigation strategies can effectively mobilize private capital and enhance regional integration to support sustainable growth within member countries of the Organisation of Islamic Cooperation (OIC).
The choice of Azerbaijan as the host location underscores its growing status as a strategic hub for logistics, infrastructure, connectivity, and renewable energy, particularly as the nation seeks to diversify its economy away from hydrocarbons. During the roundtable, participants will analyze specific ICIEC offerings, such as Sharia-compliant political risk insurance and various credit enhancement instruments. These financial tools are specifically engineered to dismantle investment barriers and increase investor confidence, thereby smoothing the path for financing essential development projects.
Dr. Khalid Khalafalla, Director General of the ICIEC, emphasized that this initiative serves as a vital platform for fostering dialogue and building partnerships aimed at regional integration. He highlighted that robust risk mitigation mechanisms are essential for transforming potential investment opportunities into bankable projects, which in turn stimulates trade and long-term sustainable growth across OIC member states.
TE/Sf/lb/abj/APA