{"id":492181,"date":"2026-06-22T15:37:22","date_gmt":"2026-06-22T15:37:22","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/06\/22\/itfc-and-burkina-faso-sign-a-usd-1-billion-framework-agreement-over-five-years\/"},"modified":"2026-06-22T15:37:37","modified_gmt":"2026-06-22T15:37:37","slug":"itfc-and-burkina-faso-sign-a-usd-1-billion-framework-agreement-over-five-years","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/06\/22\/itfc-and-burkina-faso-sign-a-usd-1-billion-framework-agreement-over-five-years\/","title":{"rendered":"ITFC and Burkina Faso sign a USD 1 billion framework agreement over five years"},"content":{"rendered":"
<\/div>

An agreement of USD 1 billion has been signed between the International Islamic Trade Finance Corporation (ITFC) and the Government of Burkina Faso to support trade finance activities over the next five years in the agriculture, energy, health, and private sector development sectors. This new agreement will provide a framework for continued financing between the financial institution and the country.<\/p>\n

Signed on the sidelines of the 2026 Annual Meetings of the IDB Group in Baku, this new framework builds on the longstanding partnership between ITFC and Burkina Faso, notably marked by the level of implementation of the previous EUR 900 million framework agreement signed in May 2023. This agreement is nearing completion, with approximately 94% implementation rate through approved financing in sectors aligned with the country’s national development priorities.<\/p>\n

ITFC’s ongoing operations in Burkina Faso include a EUR 100 million financing facility for SOFITEX, the national cotton company, in support of the 2025-2026 cotton campaigns. ITFC also supports the energy sector through a financing operation with SONABHY for the importation of refined petroleum products. Furthermore, the new agreement serves as a platform to further develop trade finance solutions for the private sector in the country.<\/p>\n

Since starting operations in Burkina Faso in 2008, ITFC has approved over USD 3.4 billion in financing. Agriculture accounts for 45% of total approvals, mainly supporting cotton campaigns, while energy represents 50%, including securing imports for the national hydrocarbons company, SONABHY.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

An agreement of USD 1 billion has been signed between the International Islamic Trade Finance Corporation (ITFC) and the Government of Burkina Faso to support trade finance activities over the next five years in the agriculture, energy, health, and private sector development sectors. This new agreement will provide a framework for continued financing between the<\/p>\n","protected":false},"author":537209,"featured_media":492188,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/06\/22\/litfc-et-le-burkina-faso-signent-un-accord-cadre-de-1-milliard-usd-sur-cinq-ans\/","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12040,12046],"tags":[],"class_list":["post-492181","post","type-post","status-publish","format-standard","has-post-thumbnail","category-international-institutions","category-leaders-en","pmpro-has-access"],"yoast_head":"\nITFC and Burkina Faso sign a USD 1 billion framework agreement over five years - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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