The Kingdom of Saudi Arabia channels its development cooperation through the Saudi Fund for Development (SFD). It finances development projects that promote social and economic well-being in the least-developed and low-income countries. Established in 1974, the SFD provides concessional and untied assistance for development projects. Its operations have no geographical and sector limitations.
The Trade and Supply Chain Finance Program (TSCFP) supported two transactions valued at $55.1 million with a bank domiciled in Saudi Arabia from inception to December 2022. During the same period, the TSCFP supported over 2,250 Saudi Arabia exports and/or imports valued at $966.6 million. In 2022 alone, the TSCFP supported 14 Saudi Arabia exports and/or imports valued at $33.8 million. Exports and/or imports were mainly to/from Pakistan, Bangladesh, and Viet Nam. Underlying goods involved mostly raw and non-energy commodities, oil, gas, and energy-related commodities, as well as food and agriculture-related goods.
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