Page 24 - ICD-AR22-English

ICD intervention
A lack of appropriate forms of finance has long been a hurdle for SMEs and prevented them from reaching their full potential, with varying degrees of severity of financing constraints across member countries. Informal SMEs in particular may be unserved or underserved by financial institutions. Capital gaps also exist for innovative and growth-
oriented firms, as well as for medium-sized enterprises that seek to invest and expand, and for SMEs seeking to undertake green investments.
In 2022, ICD continued to focus on extending lines of finance to partner financial institutions in its regions of operations in order to support SMEs.
ICD and Agrobank sign a USD 25.00 million Shari'ah compliant Line of Financingagreementtosupport SMEs in Uzbekistan
Sub-Saharan Africa (USD 192.9 million)
i) USD 26.50 million to Banque Islamique du Senegal (BIS) (Senegal)
ii) USD 25.00 million to BMS (Mali)
iii) USD15.00milliontoAfrilandFirstBank
(Cameroon)
iv) USD31.40milliontoCorisBank International (Cote d’Ivoire)
v) USD 25.00 million to Wema Bank (Nigeria)
vi) USD20.00milliontoCoronation Merchant Bank
vii) USD 50.00 million to Afreximbank (regional)
Europe and Central Asia (USD 135.00 million)
i) USD 20.00 million to Trust Bank (Uzbekistan) ii) USD 20.00 million to Orient Finans Bank
(Uzbekistan)
iii) USD25.00milliontoTuronbank(Uzbekistan)
iv) USD30.00milliontoAloqabank(Uzbekistan)
v) USD 15.00 million to Uzbek Leasing International (Uzbekistan)
vi) USD25.00milliontoAgrobank(Uzbekistan) Asia
(USD 20.0 million)
i) USD 20.00 million to Mutual Trust Bank (Bangladesh)
ICD signs a USD 20.00 million Shari’ah compliant Line of Financing agreement with Trustbank
22 ICD ANNUAL REPORT 2022