By Maher Ahmed - Reporter
Djibouti, 20 June 2026 – Djibouti signed a $750 million finance agreement with the International Islamic Trade Finance Corporation (ITFC) to support key sectors over the 2026-2029 period, Djibouti’s state news agency ADI reported on Friday.
The agreement was signed in Baku by Djibouti’s Minister of Economy and Finance in charge of Industry, Ilyas Moussa Dawaleh, and ITFC Chief Executive Officer Adeeb Yousuf Al Aama on the sidelines of the Islamic Development Bank Group’s annual meetings.
Djibouti’s authorities said the financing framework would support strategic sectors, including energy, food security and trade.
“This historic agreement is a testament to the renewed confidence of our partners in Djibouti’s development vision,” Dawaleh said in a post on X after the signing ceremony.
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The ITFC is a member of the Islamic Development Bank Group and provides trade financing to support economies in member countries of the Organisation of Islamic Cooperation.
For Djibouti, whose economy relies heavily on ports, logistics and trade, the financing is expected to help fund imports of essential goods and strengthen economic resilience amid regional and international pressures.
Dawaleh praised what he called the consistent commitment of ITFC and the Islamic Development Bank Group to Djibouti’s economic transformation.
The authorities did not provide details on the financing terms, disbursement schedule or the specific projects and imports expected to benefit first from the agreement.