African Fund for Guarantee and Economic Cooperation

Fonds africain de garantie et de coopération économique (FAGACE)

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10 Feb 1977, Kigali (Rwanda), under the title Fonds de garantie et de coopération de l'OCAM, as a joint venture of the then 'Afro-Malagasy Union for Economic Cooperation', subsequently (until its dissolution in 1985), African and Mauritian Common Organization (OCAM). Commenced operations 1981, following ratification of Convention. Also referred to as Guaranty and Cooperation Fund of AMCO.


Contribute to the economic and social development of member states, individually and collectively, either in taking part in the financing of their development projects or in facilitating their achievements through accompanying measures like interest rate subsidy or extension of credit's duration (a special interest is paid to the most economically underprivileged countries, given either to their geographical situation or further to disasters or natural calamities).

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Guarantees productive loans destined to the financially and economically viable projects; grants interest rate subsidies and extensions to loan repayment periods in respect of loans granted for economic ventures where terms make profitability doubtful; provides loans and grants for specific operations, notably relating to the fight against poverty and protection of the environment; subscribes to social capital of national or regional enterprises; manages funds on behalf of third parties. Main areas of intervention: industries aiming at developing local natural resources or import of substitution products; rural development, including agriculture and livestock breeding; infrastructure; small and medium-scale enterprises producing goods and services. Beneficiaries include: member states or their agencies; individual and collectively-owned private or joint-venture enterprises, newly created or expanding private and state owned enterprises having their headquarters or main field of action in member states; national finance institutions; regional institutions working towards integration of member states' economies.


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Relations with Inter-Governmental Organizations

Relations with 9 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 2 non-governmental organizations.
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Members in 9 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Funds
  • Research, Standards
    • Certification
  • Economics
    • Economic
  • Solidarity
    • Cooperation

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 16: Peace and Justice Strong InstitutionsGOAL 17: Partnerships to achieve the Goal



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* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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