- Following a high-level symposium organized in Niamey on the occasion of the 40th
anniversary of the African Solidarity Fund (FSA), several personalities and leaders of financial institutions
international and sub-regional development organizations recommended on Monday to pool the efforts made in the
framework of financing the development of the continent, we learned on Tuesday from an official source.
Placed under the chairmanship of the Prime Minister of Niger, Brigi Rafini, this symposium was held in the presence of more
of 500 people including Presidents of Parliaments, Ministers of Finance of the countries
members and observer countries, bank officials, heads of financial institutions
organizations, sub-regional development institutions and chambers of commerce.
The symposium underlined the need to strengthen the financial resources of the FSA and thus provide it with a
solid in its various fields of intervention for the emergence of the continent.
With this in mind, it was recommended to the Council of Ministers of the Fund the urgent need for an initiative
very high-level policy likely to accelerate a compensatory evolution of the FSA "to catch up
accused and place it in an environment where its added value to African economies will be increased in order,
among other things, that it replaces States to provide the sovereign guarantee to international investors who
require it".
In addition, the African Development Bank (AfDB), AFREXIMBANK and the Regional Stock Exchange
securities (BRVM) have indicated their willingness to support the FSA in the context of strengthening its
governance and operational efficiency.
Participants also proposed to the FSA to explore partnership opportunities with investors
African institutions, including pension funds, insurance companies and sovereign wealth funds which
represent an attractive source of infrastructure financing due to their long-term investments
term and their general need for diversification.
Created on December 21, 1976, the purpose of the FSA is to participate in economic development and the fight against
poverty in its Member States by facilitating the financing of investment projects.