The
Gambia government has signed a three-year agreement with the International
Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development
Bank (IDB) Group, for the importation of petroleum products, among others.
Amadou
Sanneh, Minister of Finance and Economic Affairs of The Gambia, and Eng. Hani
Salem Sonbol, chief executive officer of ITFC, signed the agreement on the
sidelines of the IDB Group’s 42nd annual meeting in Jeddah, Saudi Arabia.
In
addition to the import of petroleum products, the agreement would support key
agricultural commodities such as fertilizers, pre-export financing for
groundnuts and cashew nuts.
Eng.
Hani Salem Sonbol, CEO ITFC, said the agreement is a milestone to boost the
main sectors of The Gambia.
Mr
Sanneh, Gambia’s finance minister, said it was an honour for The Gambia to sign
the agreement with ITFC to finance the supply of petroleum products and
agricultural commodities.
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