Saudi-based International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, signed a $1 billion framework agreement with Mauritania covering the 2026–2030 period to strengthen cooperation and support the country’s economic development priorities through strategic trade finance and capacity-building initiatives.

The signing took place during the official visit of Dr Abdallah O. Souleymane O. Cheikh-Sidia, Minister of Economic Affairs and Development and IsDB Governor, to the IsDB Group Headquarters in Jeddah.

The agreement was signed at ITFC Headquarters by Dr Cheikh-Sidia and Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, in the presence of Mohamed Lemine Dhehby, Governor of the Central Bank of Mauritania and IsDB Alternate Governor for Mauritania, as well as representatives from ITFC and members of the Mauritanian delegation.