African Fund for Guarantee and Economic Cooperation
Fonds africain de garantie et de coopération économique (FAGACE)
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Contact Details
URL: https://www.le-fagace.org/
Facebook: https://www.facebook.com/fagaceorg?_rdc=1&_rdr
Founded
1977-02-10 Kigali Rwanda
History
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), H-XD0324 - African and Mauritian Common Organization. Commenced operations 1981, following ratification of Convention. Also referred to as Guaranty and Cooperation Fund of AMCO.
Aims
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).
Activities
Available with paid subscription only.Structure
General Assembly of Shareholders. Board of Directors, comprising the Finance Minister of each member state and one representative per member institution. Administrative Council, consisting of 2 Administrators per member state, one Administrator for each non-regional member state and one Administrator per member institution. Director General, elected by the General Assembly of Shareholder, manages the Fund.
Languages
Available with paid subscription only.Staff
Available with paid subscription only.Finance
Available with paid subscription only.Relations with Inter-Governmental Organizations
Available with paid subscription only.Relations with Non-Governmental Organizations
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Available with paid subscription only.Type II Classification
Available with paid subscription only.Subjects *
Available with paid subscription only.UN Sustainable Development Goals **
UIA Org ID
XF9108
Last News
2023
** UN SDGs are linked to the subject classification.
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