The OPEC fund for
international development
  • Who we are
    • At a Glance
    • Member Countries
    • Facts & Figures
    • The Organization
    • Partners
    • FAQs
  • What we offer
    • Overview
    • Public Sector Lending
    • Private Sector & Trade Finance
    • Grants
    • Special Initiatives
  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Industry
    • Infrastructure
    • Multisectoral
    • Telecommunications
    • Transportation
    • Water & Sanitation
  • Operations
    • Search Operations
    • World Map
    • Countries A-Z
  • Investor Relations
    • Overview
    • Credit Fundamentals
    • Funding
    • Operations
    • Governance
    • Contact IR Team
  • News (current)
  • Events
    • Development Forum 2023
    • COP27
    • Development Forum 2022
  • Media Center
  • Contact Us
  • Publications
The OPEC Fund
for International
Development
  1. News
  2. Banking in Burkina Faso
March 02, 2020

Banking in Burkina Faso

Coris Bank International and the OPEC Fund’s cross-departmental cooperation

As published in the 01/2020 issue of the OPEC Fund Quarterly

Idrissa Nassa, the President of Coris Group.

Idrissa Nassa, the President of Coris Group. 

While on a high-level mission, OPEC Fund Director-General Dr Abdulhamid Alkhalifa met with Idrissa Nassa, the President of  Coris Group and Diakarya Ouattara, CEO of Coris Bank International (CBI) – the largest bank in Burkina Faso. CBI focuses on small and medium-sized enterprises (SMEs) and is active in all economic sectors in the country. 

Dr Alkhalifa, Ouattara and Nassa discussed the importance of private sector support for development, and the integral part SMEs play in driving economic growth. The OPEC Fund has provided two trade finance loans to CBI that were used to support the import and export of strategic goods such as cotton, rice and grains, as well as machinery and equipment. 

The OPEC Fund’s public and private sector teams work together closely to achieve the common goal of supporting development in Burkina Faso – and globally. The West African country has benefitted from twelve trade finance operations, for a total amount of US$348 million (in addition to the more than 40 public sector loans amounting to nearly US$300 million). In line with this cooperation, the meeting of Dr Alkhalifa, Ouattara and Nassa in Burkina Faso was organized by a cross-departmental OPEC Fund team, including private and public sector staff. 

The OPEC Fund and CBI will look to deepen their relationship in Burkina Faso, and on a regional basis. The bank has expanded its presence and is now also present in Côte d’Ivoire, Togo, Mali, Benin, Senegal and Niger.

The OPEC Fund loans to CBI were used to support the import and export of strategic goods such as cotton, rice and grains. 

Read more about Dr Alkhalifa's mission to Burkina Faso.

Share this
Scroll top
March 02, 2020
Scroll top
Who we are
  • At a Glance
  • Member Countries
  • Facts & Figures
  • The Organization
  • Partners
  • FAQs
What we offer
  • Overview
  • Public Sector Lending
  • Private Sector & Trade Finance
  • Grants
  • Special Initiatives
Operations
  • Search Operations
  • World Map
  • Countries A-Z
Investor Relations
  • Overview
  • Credit Fundamentals
  • Funding
  • Operations
  • Governance
  • Contact IR Team
Compliance Accountability & Integrity
  • Business Partner Code of Conduct
  • Personal Data Protection
  • Business Integrity Due Diligence
Administrative Tribunal
  • About the Tribunal
  • Judges
  • Contact the Tribunal
News
Career Opportunities
  • Vacancies
  • Young Professional Development Program
  • Internships
Events
  • Development Forum 2023
  • COP27
  • Development Forum 2022
The OPEC Fund
for International
Development
Parkring 8
1010 Vienna
Austria
  • Copyright 2023 by the OPEC Fund
  • Fraud Alert
  • Personal Data Protection Disclaimer
  • Terms of use
  • Contact
  • Webmail

We use Cookies. Read our Terms