Economic Development

Procurement Practices

We are engaged with multi-lateral agencies and export credit agencies such as the European Investment Bank, the Overseas Private Investment Corporation, Agence Française de Développement, among others. We also have a strategic partnership with the International Finance Corporation, which aims to promote long-term financing to increase, diversify and lengthen the funding base for small and medium scale projects in specific targeted industries, and in renewable energy and energy efficiency. Other programs like the Arab Trade Finance Program aim to promote trade between Arab countries and enhance the productivity and competitiveness of Arab producers and exporters. These relationships support the Bank’s growth plans and the development of key regional subsidiaries and business market segments.

Procuremnt