An important part of the MoU is ICD’s continued engagement, on a strictly non-binding and best-effort basis, to arrange a Shariah-compliant syndicated or club financing facility for a proposed mining project of strategic importance.
Three-year Memorandum of Understanding signed to strengthen ICD’s cooperation with the Islamic Republic of Mauritania.
ICD to support Shariah-compliant financing mobilization for a proposed mining project of strategic importance.
Cooperation to support sovereign credit rating readiness, PPP ecosystem development, and SME financing.
The Islamic Corporation for the Development of the Private Sector (ICD) (https://ICD-PS.org), the private sector arm of the Islamic Development Bank (IsDB) Group, and the Islamic Republic of Mauritania, have signed a three-year Memorandum of Understanding (MoU) establishing a framework for strategic cooperation across key areas of private sector development and economic capacity building.
The agreement was signed at ICD Headquarters by H.E. Dr. Abdellah Souleymane Cheikh-Sidia, Minister of Economic Affairs and Cooperation, IsDB Governor and the Acting CEO of ICD, Dr Khalid Khalafalla in the presence of H.E. Mohamed Lemine Dhehby, Central Bank of Mauritania, IsDB Alternate Governor, and senior officials from the IsDB Group and members of the Mauritanian delegation.
An important part of the MoU is ICD’s continued engagement, on a strictly non-binding and best-effort basis, to arrange a Shariah-compliant syndicated or club financing facility for a proposed mining project of strategic importance.
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