Oulimata Sarr secures $400 million IDB trade facility

The Senegalese Minister of Economy signed a financing commitment from ITFC, the Islamic Development Bank’s subsidiary, for promoting and supporting trade.

30/01/2023 at 18h02, by Africa Business+

The deal promises roughly $400 million in financial commitments for this year alone. The State of Senegal concluded the agreement on 30 January with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of the Islamic Development Bank (IDB) headquartered in Jeddah, Saudi Arabia.

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