- €630mn ($748mn) ITFC financing targets oil and peanut trade
- Expert warns Senegal’s debt crisis remains unresolved
DAKAR, SENEGAL — Senegal has signed a €630 million ($748mn) financing plan with the International Islamic Trade Finance Corporation, deepening trade support as concerns mount over the country’s rising debt burden.
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, formalised the 2026 Annual Financing Plan with the Senegalese government in Dakar. The agreement was initialled by ITFC Chief Executive Officer Engineer Adeeb Yousuf Al-Aama and Senegal’s Minister of Economy, Planning and Cooperation, Abdourahmane Sarr.
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