Cairo – Mubasher: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), has partnered with the United Nations Industrial Development Organization (UNIDO) to support two initiatives in Egypt and Sudan.

The first initiative is better cotton initiative (BCI) which seeks to improve the Egyptian cotton industry by helping growers cultivate sustainable cotton, the ITFC said in a statement on Wednesday.

The second initiative aims at transforming Sudan’s dairy sector by providing selected dairy enterprises with technical assistance for food safety production and helping dairy plants resume production.

The CEO of ITFC, Hani Salem Sonbol, said, “ITFC is confident that our partnership with UNIDO will continue to add value to important economic sectors, contribute to industrialisation, build stronger economies and, ultimately, support Organisation of Islamic Cooperation member countries as they emerge from the pandemic with more resilience.”

The UNIDO’s Director General, Li Yong, commented, “This strategic partnership with ITFC will promote industrialisation, trade, and sustainable development for our common member countries towards achieving the sustainable development goals (SDG) in general and the ninth SDG, in particular.”