Djibouti: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, signed a US$ 90 million syndicated financing agreement with Djibouti to support the country's energy sector and promote economic development. The agreement was signed by ITFC Chief Operating Officer, Nazeem Noordali, and Djibouti's Minister of Economy and Finance, Ilyas Moussa Dawaleh.

According to Qatar News Agency, the funds will be used to enhance energy security in Djibouti by facilitating the purchase of refined petroleum products, which are crucial for electricity generation and economic growth across various sectors. This initiative also aims to promote intra-OIC trade by sourcing petroleum products primarily from member states and contributes to the UN Sustainable Development Goal 7: ensuring access to affordable, reliable, and sustainable energy for all.

Since its establishment in 2008, ITFC has provided US$ 1.7 billion in financing to Djibouti, focusing on energy and human development projects.