ICIEC

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The Islamic Corporation for the Insurance of the
Investment and Export Credit
ICIEC
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ICIEC
ROLE IN SUPPORTING
AFRICAN EXPORT CREDIT
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ISLAMIC DEVELOPMENT BANK GROUPPrivate Sector
Services
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A FEW WORDS ABOUT ICIEC
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ICIEC IN BRIEF
- Legal status International institution with
full juridical personality - Date of
establishment 01/08/1994 - Authorized Capital
US 140 000 000 - Shareholders IDB 29
Islamic countries - Objective To enlarge the
scope of trade transactions and the flow of
investments among Member States of the
Organization of the Islamic Conference
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ICIECs EXPORT CREDIT SCHEME

• - POLICIES
• Exporters CSTP and SMTP
• Bakers BMP
• - INSURABLE RISKS
• Commercial Risks
• Non-commercial risks
• - ELIGIBLITY CRITERIA
• Policyholders
• Buyers
• Goods / Contracts

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RECENT OPERATIONS DATA

• - EXPORT CREDIT
• Policies in force 51 Policies
• Global Policy Limit US 1,332 million
• Commitments US 154 million
• - INVESTMENT INSURANCE
• Policies in force 1 Policy
• Policy limit US 13,4 million

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ICIECS ROLE IN SUPPORTING AFRICAN EXPORT CREDIT
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ICIEC MEMBERSHIP FROM AFRICA

• - ACTUAL MEMBERSHIP
• ALGERIA
• CHAD
• CAMEROON
• EGYPT
• GAMBIA
• GUINEA
• MALI
• MAURITANIA
• MOROCCO
• SENEGAL
• SUDAN
• TUNISIA
• UGANDA

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ICIEC MEMBERSHIP FROM AFRICA

• - POTENTIAL MEMBERSHIP
• BENIN
• BURKINA FASO
• COMOROS
• DJIBOUTI
• GABON
• GUINEA-BISSAU
• LIBYA
• MOZAMBIQUE
• NIGER
• SIERRA LEONNE
• SOMALIA

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EXAMPLES OF ICIECs SUPPORT TO AFRICAN INTRA-TRADE

• - TUNISIA TO GAMBIA
• Export of buses
• - TUNISIA TO MORROCO
• Export of automobile tyres
• export of automobile batteries
• - MALI TO SENEGAL
• Export of raw cotton fiber
• - EGYPT TO MALI
• Export of building materials

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COOPERATION WITH AFRICAN EXPORT CREDIT AGENCIES
AND TRADE PROMOTION INSTITUTION

• MEMORANDA OF UNDERSTANDING WITH
• FAGACE (BENIN)
• SMAEX(MOROCCO)
• ECGE (EGYPT)
• CAGEX (ALGERIA)
• EDBE (EGYPT)

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LOCAL AGENTS IN AFRICA

• LOCAL AGENTS APPOINTED IN MEMBER COUNTRIES
• TAKAMUL (ALGERIA)
• BISMASSUR(CAMEROON)
• LIB CO (CAMEROON)
• EZZAHRA (TUNISIA)
• AFRO-ARABE C.I. (UGANDA)

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END
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