iib East Africa matches Customer Donations & provides DJF 20 Million to support the fight against COVID-19

16 June, 2020

The International Investment Bank (Djibouti) S.A. announced a customer donation matching commitment to support the COVID-19 government support fund. iib customers donated DJF 10 million which was equally matched by the Bank.

On 16 June 2020, iib Djibouti represented by Mr Raj Dussoye, Chief Executive Officer of iib (Djibouti) donated the total amount of DJF 20 million to the COVID-19 fund in the presence of officers from the Ministry of the Budget (Ministère du Budget, Djibouti). The donation was broadcasted on the national television, Radio Television of Djibouti (RTD). The donation is in support of the government’s effort in fighting COVID-19.

The launch of the SME Guaranteed Fund

The Ministry of Economy and Finance, in charge of Industry has created within the Partial Credit Guarantee Fund of Djibouti (FGPCD) a new product called Exceptional Depreciable Cash Credit.

Djibouti is currently facing a difficult situation due to COVID-19 and the president of the republic has called for solidarity