The International Islamic Trade Finance Corporation (ITFC) and the ECOWAS Bank for Investment and Development (EBID) have signed a syndicated trade financing facility of USD 100 million on the sidelines of the 50th Islamic Development Bank (IsDB) Group Annual General Meetings held in Algiers, Algeria.
ITFC was represented by its Chief Executive Officer, Eng. Adeeb Yousuf Al-Aama, while Dr Andrews Amankwah, Director of Treasury and Resource Mobilization, attended the ceremony on May 21, 2025, on behalf of Dr George Agyekum Donkor, President and Chairman of the Board of Directors of EBID.
The Syndicated Trade Financing Facility will contribute to improving the well-being of people in the sub-region by acting as a catalyst for trade development. Specifically, the agreement will enable ECOWAS Member States to enhance trade financing and be more competitive on the global market. It is in line with EBID’s continued commitment to improving access to resources in the sub-region to support socio-economic transformation efforts guided by various national development programs.
The partnership between the ECOWAS Bank for Investment and Development and the International Islamic Trade Finance Corporation demonstrates the growing cooperation between regional and international financial institutions to bridge financing gaps in high-impact sectors across the ECOWAS region.
