The International Islamic Trade Finance Corporation (ITFC) has signed a $90 million syndicated facility for the Republic of Djibouti, with the Société Internationale des Hydrocarbures de Djibouti (SIHD) as the executing agency.

This funding will enhance Djibouti’s energy security by enabling SIHD to procure refined petroleum products essential for electricity generation and economic growth.

Additionally, the initiative promotes intra-OIC trade by sourcing primarily from OIC member countries and supports UN SDG 7, which aims for Affordable Energy for All.