Coris Bank International of Burkina Faso has just benefited from financing of 20 million euros for the development of SMEs in West Africa. This Murabaha financing endorsed by the International Islamic Trade Finance Corporation (ITFC) aims to improve access to trade finance lines for the private sector in Burkina Faso.

This agreement by the International Islamic Trade Finance Corporation, a member of the Islamic Development Bank (IDB) group, reflects its continued commitment to the development of the private sector in Burkina Faso. The West Africa SME Program aims to improve access to finance for SMEs in the region by providing credit facilities and a two-part capacity building program, benefiting participating SMEs but also partner banks. . ITFC's West Africa SME Program enables entrepreneurs in the region to increase the viability of their business by accessing capacity development trainings in critical areas like accounting, finance management, developing business plans and best management practices, among others. It focuses on the West African Economic and Monetary Union (UEMOA) zone, which, in addition to Burkina Faso, Benin, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo.