Fonds de solidarité et d'intervention pour le développement de la Communauté économique de l'Afrique de l'Ouest (FOSIDEC)

Fund for Solidarity and Economic Development of the West African Economic Community

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History

1978, Ouagadougou, as a specialized financial institution of West African Economic Community (CEAO), by virtue of Article 3 of Protocol 'M' of the CEAO Treaty. First programme of subsidies approved Oct 1980. Also known by the French initials FOSIDEC/CEAO. Previously referred to in English as Solidarity and Assistance Fund for the Development of the West African Economic Community. Ceased to exist.

Aims

Promote economic and social development of Member States and help achieve a balanced regional development of the Community.

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Activities

Intervenes by guarantee and counter-guarantee of loans, financing of studies, grants and interest rate subsidy, granting of loans and equity participation. Beneficiaries are member states and public and private corporate bodies and individuals within them. All areas of economic activity are covered: industry, agriculture, livestock rearing, fishery, trade, transport and telecommunications, infrastructure, tourism and social investment.

Structure

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Financing

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Relations with Inter-Governmental Organizations

Relations with 5 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 1 non-governmental organizations.
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Members

Members in 7 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Funds
  • Economics
    • Economic
  • Development
    • Development
  • Solidarity
    • Solidarity

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 17: Partnerships to achieve the Goal

UIA Org ID

F8891

Last News Received

1997
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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