24th March 2026
The Mauritania ITFC trade finance agreement, valued at $1 billion and spanning five years (2026–2030), represents a significant milestone in strengthening Mauritania’s access to structured trade financing and supporting long-term economic development. Signed between the Government of Mauritania and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, the framework aims to facilitate imports of strategic commodities while enhancing export capabilities, particularly in sectors with high economic impact such as energy, agriculture, and small and medium-sized enterprises (SMEs).
A key focus of the agreement is securing energy imports, which are essential for Mauritania’s economic stability and industrial growth. By providing predictable financing for petroleum products and other critical energy supplies, the programme helps maintain reliable supply chains, supports transportation, manufacturing, and commercial activity, and improves liquidity for public institutions involved in commodity imports. This will strengthen energy security and contribute to overall economic resilience.
The framework also targets agriculture and SME participation in trade. Financing tools are expected to expand access to agricultural inputs, strengthen food supply chains, and enable rural producers to access export markets. SMEs stand to benefit from improved access to trade finance, enhancing their ability to participate in regional and international commerce. By opening these channels, the initiative could increase the competitiveness of Mauritania’s trade ecosystem and promote inclusive economic growth.
Beyond national benefits, the agreement reflects the growing role of Islamic trade finance in Africa, complementing broader development initiatives supported by multilateral institutions such as the African Development Bank. By reinforcing trade infrastructure, supporting productive sectors, and ensuring the availability of essential imports, the programme positions Mauritania to expand trade flows, improve economic stability, and strengthen its overall development trajectory over the coming years.