The International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank (IsDB) Group, has signed its 2026 Annual Financing Plan with the Republic of Senegal, reinforcing its long‑term support for the country’s development priorities and economic agenda.
The plan was formally signed by Eng. Adeeb Yousuf Al‑Aama, Chief Executive Officer of ITFC, and senior representatives of the Senegalese government. It outlines strategic financing and technical cooperation initiatives designed to accelerate trade, strengthen economic resilience, and foster sustainable growth across key sectors of the Senegalese economy.
While details of the full financing programme cover a range of sectors, ITFC’s engagement in the region has a track record of supporting infrastructure, trade facilitation, and sectoral development. This includes financing projects that improve trade capacity, enhance logistics and supply chain efficiency, and promote private sector participation in priority industries.
The 2026 plan aligns with Senegal’s broader development Vision 2035 framework, which aims to diversify the economy, create jobs, and promote inclusive growth. ITFC’s support is expected to contribute toward boosting agricultural productivity, expanding export markets, and improving access to finance for local enterprises.
Eng. Al‑Aama emphasised ITFC’s commitment to strengthening trade partnerships and facilitating sustainable economic opportunities across member countries. The corporation’s strategy places particular emphasis on leveraging Islamic finance instruments to support development projects that align with national priorities.
In a separate but related development, ITFC has also announced a $35 million financing package for Djibouti, further demonstrating the institution’s role in advancing trade, investment, and economic cooperation across the African continent.
By deepening collaboration with Senegal and broader engagement in the region, ITFC continues to support initiatives that foster economic integration, trade competitiveness, and long‑term development outcomes consistent with shared goals of prosperity and stability.
