Page 39 - ETIHAD CREDIT INSURANCE PR REPORT - JULY 2024

8/5/24, 9:12 AM ECI, IDB Sign Cooperation Agreement To Support ‘Xport Xponential’ Initiative - Finance 360
Iraq markets. Our goal is to use this partnership to encourage businesses in both nations to capitalise

on this revolutionary initiative and expand their export and trade operations into previously untapped
markets.”

As one of the partners in the ‘Xport Xponential’ initiative, the International Development Bank will now
offer additional funding opportunities for export and re-export companies in the UAE. The agreement

further advances the development of credit solutions by providing businesses with access to the

markets of Iraq and CEPA countries. The agreement also emphasises the strategic partnership
between the two countries and promotes trade and export routes that link them, especially since the

UAE-Iraq trade volume exceeds US$27 billion annually. Notably, the International Development Bank

has contributed at least 10 percent of the yearly trade between the two nations in just its first two years
of operation in the United Arab Emirates.

WAM

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