On Monday, October 10, 2023, agreements were signed between the Sovereign Strategic Investment Fund (Fonsis) and partner banks such as Banque Islamique du Sénégal (Bis) and Coris Bank. This signing marks the official launch of the Islamic Recovery Fund (FIR).

The Fir is a facility placed at the disposal of SMEs impacted by the Covid-19 health crisis through a system of intermediated loans in partnership with the BIS and Coris Bank, which has an Islamic window. With an amount of 20 billion FCFA, the Fir is part of Pillar 2 of the Strategic Preparedness and Response Program, an IDB strategy that aims to provide the necessary emergency financial and technical support to member countries to enable them to respond quickly, effectively and efficiently in order to minimize the potential impacts of the pandemic and revive the