{"id":14459,"date":"2018-01-30T13:31:27","date_gmt":"2018-01-30T12:31:27","guid":{"rendered":"https:\/\/www.fagace.org\/?p=14459"},"modified":"2024-04-09T16:56:40","modified_gmt":"2024-04-09T14:56:40","slug":"le-fagace-mobilise-les-banques-pour-le-financement-des-pme-pmi-2","status":"publish","type":"post","link":"https:\/\/www.fagace.org\/en\/2018\/01\/30\/le-fagace-mobilise-les-banques-pour-le-financement-des-pme-pmi-2\/","title":{"rendered":"FAGACE MOBILIZES BANKS FOR SME\/SMI FINANCING"},"content":{"rendered":"

On Tuesday January 30, the Fonds Africain de Garantie et de Coop\u00e9ration Economique (FAGACE) held a working session at its headquarters in Cotonou with the General Managers of several banks and financial structures.<\/p>\n

On this occasion, Ms Minafou Fanta Coulibaly-Kon\u00e9, Managing Director of FAGACE, gave a brief presentation of the institution and outlined the Fund’s new intervention strategy.<\/p>\n

FAGACE, the leading financial institution specializing in bank credit guarantees, has contributed over the past 40 years to the financing of development projects in its fourteen (14) member states, injecting more than 1,500 billion FCFA into various strategic sectors of their economies.<\/p>\n

Building on its experience, FAGACE is now embarking on a new dynamic, with the main aim of revitalizing its partnership relations with banks and credit institutions, and making a greater contribution to financing projects initiated by public and private economic operators in its member states.<\/p>\n

Le Directeur G\u00e9n\u00e9ral du FAGACE a souhait\u00e9 rappeler quelques points strat\u00e9giques importants pour le Fonds sur cette rencontre avec les banques.<\/p>\n

“Lending banks need institutional guarantors such as than FAGACE to mitigate the risk of payment default by project promoters.”<\/p>\n

“Similarly, guarantors need banks to fulfill their mission of facilitating the mobilization of resources.”<\/p>\n

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It is therefore through an alignment of interests that banks and guarantors will be able to mobilize financial resources for the benefit of economic operators. Hence the organization of this meeting, which will ultimately facilitate joint interventions between FAGACE and lending banks in Benin.<\/p>\n

During the discussions, FAGACE’s new intervention strategy and its implications for the banking sector were presented.<\/p>\n

The new strategy outlined by the Fund’s Managing Director is now based on :<\/p>\n