(Ecofin Agency) - Gambian government has signed a $210 million framework agreement with the International Islamic Trade Finance Corporation (ITFC), member of Islamic Development Bank Group (IDB). 

This agreement, over a 3-year period, will enable the country to import refined petroleum products and agricultural inputs. It will also provide funding for agricultural goods’ production directed to export including peanut and cashew. 

“The continuation of this important cooperation reaffirms ITFC’s proven strategy of investing in key economic sectors in our member countries, and thus contributes to member countries’ development objectives", explained Hani Salem Sonbol (picture), ITFC’s CEO.

He added that, in addition to this collaboration already confirmed, ITFC is considering Gambia’s requirement regarding the implementation of a pilot program to eradicate aflatoxin, a pathologic germ developed by fungi that contaminates peanut seeds, subsequently affecting their quality. 

Espoir Olodo