Dakar, November 29, 2023 - GCR Ratings (GCR) has upgraded the long-term issuer rating of Fonds Africain de Garantie et de Coopération Economique (FAGACE)
The 67th ordinary session of the Board of Directors of the Fonds Africain de Garantie et de Coopération Économique (FAGACE) took place in Cotonou, Benin, from December 19 to 20, 2023, under the chairmanship of Mr. Victor MAZANGA, Administrator of the Central African Republic, its current Chairman.
The Fonds Africain de Garantie et de Coopération Economique (FAGACE) is an international financial institution specializing in the promotion of public and private investment.
Its mission is to contribute to the economic and social development of its member states, individually and collectively, by facilitating the financing and implementation of development projects through loan guarantees.