By Makutu Manneh
The Gambia has signed a new $250 million strategic financing framework agreement with the International Islamic Trade Finance Corporation (ITFC), aimed at boosting trade and accelerating economic growth over the next three years.
The agreement was signed during the Islamic Development Bank Group’s annual meetings in Baku, Azerbaijan, where Finance Minister Seedy K.M. Keita led The Gambia’s delegation.
According to a statement released by the Ministry of Finance and Economic Affairs, the deal marks a significant step in the country’s efforts to strengthen trade, expand export opportunities, and accelerate inclusive economic growth. Building on a longstanding partnership between The Gambia and ITFC, the new framework is expected to support key sectors of the economy, facilitate greater participation in regional and international trade, strengthen export capacity, and improve livelihoods nationwide.
“Leading the Gambian delegation, the Minister of Finance and Economic Affairs… engaged with ITFC officials and regional stakeholders to explore opportunities for trade and development financing,” the ministry said in its statement.
Speaking at the signing ceremony, Minister Keita described the agreement as a major milestone in mobilizing international financing for national development, noting that the renewed partnership reflects growing confidence in The Gambia’s economic reform agenda, investment climate, and commitment to good governance.
“This agreement reinforces our commitment to leveraging strategic partnerships to unlock economic opportunities, enhance trade competitiveness, and create sustainable growth for the benefit of Gambian citizens,” Minister Keita said.
ITFC Chief Executive Officer Eng. Adeeb Yousuf Al-Aama reaffirmed the institution’s commitment to supporting The Gambia’s development priorities through tailored trade financing solutions, underscoring the importance of economic diversification and unlocking the country’s trade potential through targeted interventions and sustained collaboration.
The Ministry of Finance and Economic Affairs added that the government remains committed to maintaining macroeconomic stability, improving the ease of doing business, and implementing the priorities outlined in the national development agenda as part of its broader pursuit of sustainable and inclusive growth.
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