On September 6, 2015, GCEL and the Islamic Development Bank (IDB), through the International Islamic Trade Finance Corporation (ITFC), executed an MOU as the first step in the process for the IDB to become a member of the Governance of the Integrated Digital Economy (GIDE) Board of Directors (BOD).
The GIDE is comprised of the largest Development Financial Institutions that will govern and monitor the operations of the AxioMark (e-Commerce), AxioFin (e-finance), and AxioIn (e-Insurance) platforms, which will serve as the sustainability engine of the Digital Economy.
GCEL also developed a three-step process in conjunction with ITFC to engage other development banks to join the GIDE BOD.
ITFC and GCEL concluded a Memorandum of Understanding (MOU) on June 6, 2014 for collaboration on the HumaWealth Program through the deployment of the Digital Economy Platform and Benchmark Trade Lanes (BTL) in order to enhance the efficiency and security of trade and sustained economic growth of the Organization for Islamic Cooperation (OIC) Member States.