The share capital of the Fonds de garantie et de coopération économique (FAGACE) has been increased from FCFA 100 billion to FCFA 200 billion, APA learned on Thursday from an official source in Cotonou.
This increase in FAGACE’s share capital is one of the main decisions to emerge from the 3rd session of the institution’s Board of Governors, held on Wednesday in Cotonou”, Benin’s Minister of Finance and Economy told APA.
For Ms Mathys Adidjatou, safeguarding FAGACE’s assets and strengthening its means of intervention should enable it to better support the creation of integrative projects capable of better meeting the challenges of growth and employment.
We must not let our guard down, for it is the future of a 34-year-old organization, beyond the real opportunities for promoting our integration and fighting poverty, that is at stake”, she stressed.
Member countries: Benin Burkina-Faso Cameroon Central African Congo Brazzaville Côte d’Ivoire Guinea-Bissau Mali Mauritania Niger Rwanda Senegal Chad Togo
