Mode of Financing: Murabaha

Financing No.: ITFC…/SUR 0200

The Republic of Suriname has an agreement with the International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank Group for financing of the purchase of various goods up to the amount of  USD 25,000,000.00 (US Dollars Twenty Five million).

The main objective of the above mentioned project is to improve the economic condition and livelihood of the Surinamese population through: 

1. Increasing the local production, import substitution and export;
2. Optimal provision for the need for locally produced primary basic products; 
3. Increasing the contribution and the value adding of the local private sector to the national economy and
4. Ensuring the availability of basic medical consumables and medicines.

The project includes the following components.

Component A: Enhancement of the local production of selected primary basic products through finance of the bulk import of raw, auxiliary and packaging materials.

Component B: Improving the health conditions of the Surinamese population by financing the import of basic medical consumables and medicines. 

Component C: Improving food security by increasing local agricultural and horticultural production by financing the import of related inputs. 

Procurement of goods financed by the ITFC / Islamic Development Bank will be conducted through the procedures as specified in the Guidelines for Procurement of Goods and Works under Islamic Development Bank Financing, May 2009 (Amended February, 2012), and is open to all eligible bidders from member states and non member states  of the OIC as defined in the guidelines. 

Specific procurement notices (SPNs) for goods to be bid under the Islamic Development Bank’s international competitive bidding (ICB) procedures will be announced in the IsDB Website, UN Development Business website, website of the Ministry of Trade, Industry and Tourism and in the local newspaper Times of Suriname and can be expected to be released  from May 6th, 2019.

Interested bidders desiring additional information should confirm their interest in writing by contacting:

The Ministry of Trade, Industry and Tourism Project Executing Agency Attn: Mrs. Reina Raveles Permanent Secretary Havenlaan Noord #1, Nieuwe Haven Paramaribo, SURINAME Phone: (597) 403440 Fax: (597) 402602 E-mail: haaltoukhi@itfc-idb.org