Côte d’Ivoire Secures $750m Trade Finance Deal with ITFC

The latest framework agreement is three times larger than the one signed in 2023, highlighting the deepening relationship between ITFC and the Ivorian government.

Côte d'Ivoire has strengthened its partnership with the International Islamic Trade Finance Corporation (ITFC) through a new US$750 million Framework Agreement aimed at supporting economic growth, strategic industries and private sector development over the next five years. The agreement will help finance key priorities under the country's National Development Plan 2026–2030 and marks a significant expansion of cooperation between the two partners.

Signed on the sidelines of the 2026 Islamic Development Bank Group Annual Meetings in Baku, the deal reflects growing confidence in Côte d'Ivoire's economic ambitions and development agenda.

New Agreement Triples Previous Funding Commitment

The latest framework agreement is three times larger than the one signed in 2023, highlighting the deepening relationship between ITFC and the Ivorian government. The signing ceremony was attended by Côte d'Ivoire's Minister of Planning and Development, Dr Souleymane Diarrassouba, who also serves as the country's Governor to the Islamic Development Bank, and ITFC Chief Executive Officer Adeeb Yousuf Al Aama.

The expanded funding package is expected to provide broader support for national development priorities while creating new opportunities for investment and trade across multiple sectors.

Energy and Healthcare Projects Already Benefiting

The partnership has already delivered support in areas considered vital to the country's economic and social development.

One of the major initiatives includes a €90 million energy financing facility that supports the purchase of petroleum products and natural gas used in electricity generation. The programme works through CI-Energies and the Ivorian Power Company (CIE) and is aimed at strengthening energy security and ensuring reliable power supply.

In the healthcare sector, ITFC has provided a €25 million facility to Nouvelle PSP-CI, the country's national pharmacy. The funding helps improve access to essential medicines while strengthening pharmaceutical supply chains and distribution systems.

These projects form part of wider efforts to improve public services and support sustainable economic growth.

Focus on Industrialisation and Private Sector Expansion

Beyond sovereign financing, ITFC is increasing support for private sector businesses through partnerships with local financial institutions, including Bank of Africa Côte d'Ivoire, Bridge Bank Côte d'Ivoire and Coris Bank Côte d'Ivoire.

The organisation is also providing structured trade finance solutions designed to help businesses expand operations, access new markets and strengthen commercial activity.

Since beginning operations in Côte d'Ivoire in 2008, ITFC has approved more than US$751 million in financing across public and private sector projects.

The new framework agreement is expected to accelerate the country's industrialisation efforts, support agro-industrial development and provide additional financing tools for businesses driving economic growth.

Officials believe the expanded partnership will help strengthen trade, encourage investment and create opportunities that contribute to long-term economic development across Côte d'Ivoire.