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International Trade as an Engine for Sustainable Development: The ITFC Experience in Supporting SME s
Author(s) -
Terai Anisse
Publication year - 2017
Publication title -
global policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.602
H-Index - 33
eISSN - 1758-5899
pISSN - 1758-5880
DOI - 10.1111/1758-5899.12478
Subject(s) - prosperity , business , international trade , sustainable development , economics , political science , economic growth , law
This article seeks to shed some light on financing and supporting international trade with a particular focus on SME s. The paper will look into the situation of Organisation of Islamic Cooperation ( OIC ) countries vis‐à‐vis international trade. Then, the role of multilateral development banks ( MDB s) in supporting international trade will be expounded, while the following section will focus on the experience of ITFC as the sole MDB fully dedicated to trade. Afterwards, the article will cover SME s’ state in today's world, and make the case of SME development through trade. Finally, a proposal for an innovative trade fund for SME s will be put forward. The article will conclude with recommendations and proposals to reinforce and develop SME s through trade for sustainable global social and economic prosperity.