(Ecofin Agency) - The Arab Bank for Economic Development in Africa has granted a $30 million loan to Banque Malienne de Solidarité, Mali’s economy and finance ministry indicated.

The agreement was signed during the 44^th yearly assembly of the Islamic Development Bank held in Marrakech on April 4-6, 2019. Thanks to this financing, Banque Malienne de Solidarité will fund commercial transitions between Mali’s firms and the Arab world.

Let’s note that up to now, the Arab Bank for Economic Development in Africa has funded numerous African banks including Banque Régionale des Marchés in Senegal, Rawbank in DRC and Sterling Bank in Nigeria. Its overall commitments in the region are estimated at $140 million.

Idriss Linge