The International Islamic Trade Finance Corporation (ITFC) , a member of the Islamic Development Bank (IsDB) Group, has signed a US$ 1.0 billion Five-Year Framework Agreement with the Islamic Republic of Mauritania covering the 2026–2030 period.
- •The pact is meant to support the country’s economic development priorities through strategic trade finance and capacity-building initiatives.
- •Under the agreement, ITFC will mobilize financing and technical support for priority sectors of the Mauritanian economy, particularly energy, banking, and private sector development.
- •The partnership will facilitate financing for the import of energy commodities, provide trade finance facilities and Confirmation Lines for Letters of Credit to local banks, and support small and medium-sized enterprises (SMEs).
It will also include technical assistance programs to enhance agricultural productivity and promote trade facilitation in strategic sectors of the economy.
Speaking during the signing, H.E. Dr. Abdallah O. Souleymane O. Cheikh-Sidia, Minister of Economic Affairs and Development of Mauritania, said that the agreement will help mobilize critical financial resources to support national development priorities and foster sustainable economic growth.
