Côte d’Ivoire Secures $750 Million Trade Finance Boost from ITFC

Côte d'Ivoire has finalized a $750 million framework agreement with the International Islamic Trade Finance Corporation to accelerate national development over the next five years. Signed in Baku, the deal triples previous funding commitments to target critical industrial expansion, energy stability, and essential pharmaceutical infrastructure across the country.

Editorial·June 18, 2026·reads: 3,451

Côte d’Ivoire Secures $750 Million Trade Finance Boost from ITFC

The agreement aligns with the National Development Plan 2026–2030, marking a pivot toward deeper economic integration. Minister of Planning and Development Dr. Souleymane Diarrassouba and ITFC CEO Adeeb Yousuf Al Aama formalized the partnership, which builds on a decade of cooperation since the corporation began operations in the country in 2008. The scope of this new financing represents a marked escalation in support compared to the 2023 agreement.

Concrete results already underpin the strategy. An existing €90 million energy facility, channeled through CI-Energies and the Ivorian Power Company, continues to secure the supply of natural gas and petroleum for electricity generation. Simultaneously, a €25 million facility supports Nouvelle PSP-CI in stabilizing national medicine distribution. Beyond sovereign projects, the ITFC is broadening its reach by partnering with Bank of Africa Côte d'Ivoire, Bridge Bank, and Coris Bank to provide structured trade finance. These instruments aim to assist local businesses in scaling operations and accessing international markets, directly facilitating the government’s industrialization agenda.