The Islamic Corporation for Private Sector Development (ICD), is currently studying a financing project for the Tunisian private sector, said interim executive chairman of the institution, Mohamed Alammari.

In a statement to media, on the sidelines of an IDB Group private sector forum on the occasion of the group’s 43rd Annual Meetings, Alammari said it is a line of financing whose value will be fixed this year.

“The funding will be determined according to the needs of the beneficiary bank and will not be limited to a specific bank,” he said, recalling that the Wifak Bank, whose DCI holds 33% of its capital is one of its institution’s investments in Tunisia.

The ICD was established in November 1999 as a private sector showcase for the IDB Group. Its stated capital amounts to $ 4 Billion, held by the IDB and 54 Member States as well as 5 financial institutions of the member countries.

Source: TAP News Agency