European Investment Bank (EIB)

The European Investment Bank was created by the Treaty of Rome in 1958 as the long-term lending bank of the European Union.

SIMI serves as their local liaison, helping Gambian firms access funds from EIB.

European Investment Bank Activity in 2008

Projects approved in Partner Countries 6 101

Disbursements in EUR million 4 384M

http://www.eib.org/

For further information on how SIMI help your project become a reality contact us
+220-497 856/951
sahel@qnet.gm
www.sahelgroup.gm/

OPEC Fund for International Development

Following the first OPEC(organization of the petroleum exporting countries) heads of state summit in Algiers, Algeria in 1975, the finance ministers of member countries proposed the creation of a new multilateral financial facility to channel OPEC aid to developing countries.

OFID's key aim is to foster social and economic progress in the developing world through the provision of concessional financing for developing countries. OFID provides financial assistance in a number of ways including includepublic sector loans for development projects and programs, balance of payments support and debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative; trade financing, support to private enterprise, grants for technical assistance, food aid, research and humanitarian relief work; and contributing to the resources of other development organizations whose activities benefit developing countries.

At the close of the year 2008, contributions pledged by Member countries totaled $3,435.0 million, out of which $2,463.15 million was direct contributions to OFID. By the end of May 2009, the level of cumulative development assistance extended by OFID stood at US$10,605 million and disbursements reached US$6,619 million.

SIMI has worked with the OPEC Fund to provide funding and financing to Gambian projects and companies.

http://www.ofid.org/

For further information on how SIMI help your project become a reality contact us
+220-497 856/951
sahel@qnet.gm
www.sahelgroup.gm/

Islamic Corporation for the Development of the Private Sector (ICD)

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization, affiliated with the Islamic Development Bank (IDB) Group. Its shareholders are the IDB, 45 Islamic member countries, and 5 public financial institutions from member countries.

The mandate of ICD is to support economic development of its member countries through provision of finance to private sector projects in accordance with principles of the Shari?a through promoting private sector development. ICD also provides advice to governments and private organizations to encourage the establishment, expansion and modernization of private enterprises.

Projects financed by ICD are selected on the basis of their contribution to economic development considering factors such as creation of employment opportunities and contribution to exports.

SIMI has worked with ICD and local partners to provide funding for Gambian companies.

http://www.icd-idb.com/

For further information on how SIMI help your project become a reality contact us
+220-497 856/951
sahel@qnet.gm
www.sahelgroup.gm/

Industrial Development Corporation (IDC)

The Industrial Development Corporation of South Africa Ltd (IDC) is a self-financing, national Development Finance Institution (DFI). It was established in 1940 to promote economic growth and industrial development in South Africa.

IDC recognise the importance of a dynamic private sector in securing and stimulating rapid and sustainable economic growth, creating employment and reducing poverty.

IDC's mandate includes the rest of the African continent where it has established working relationships with development finance institutions and regional forums in 34 African countries.

IDC's objectives are:
To promote sustainable development in Africa
To market our products and schemes across the continent
To target suitable investment opportunities
To support development initiatives
To provide investment guidance when necessary and
To assist regional policy formulation
http://www.idc.co.za/

For further information on how SIMI help your project become a reality contact us
+220-497 856/951
sahel@qnet.gm
www.sahelgroup.gm/