It was on June 21, 2024 in Abidjan, the African Development Bank and the African Solidarity Fund (FSA) officially signed a letter of intent aimed at strengthening collaboration and synergies between the two institutions.

The strategic partnership between the ADB and the FSA is a first step that aims to strengthen collaboration between the Bank and the Fund in knowledge sharing, and technical assistance in several areas related to risk management, organizational and management structures of the FSA. According to the Director General of the Fund, Abdourahmane Diallo, “this approach reflects the commitment of the African Solidarity Fund to promote inclusive and sustainable development on the continent.” For her part, Aida Ngom, Director of the Department of Private Sector Development, speaking on behalf of the AfDB, said that “the African Solidarity Fund is a strategic and important institution for the African Development Bank Group. We are delighted to see our two institutions working more closely together through this strategic partnership.”

About the African Development Bank Group

La BAD is the first multilateral financing institution dedicated to the development of Africa. It includes three distinct entities: the African Development Bank, the African Development Fund, and the Nigeria Special Fund.

About the African Solidarity Fund

The FSA is a multilateral financial institution headquartered in Niamey, Niger. It is owned by 21 African member states (Benin, Burkina Faso, Burundi, Burundi, Cape Verde, Burundi, Cape Verde, Cape Verde, Central African Republic, Central African Republic, Comoros, Congo, Ivory Coast, Gabon, Gambia, Guinea, Guinea Bissau, Liberia, Mali, Mali, Mali, Mauritius, Mauritania, Liberia, Mali, Mali, Mauritius, Mauritania, Mauritania, Mali, Mauritius, Mauritania, Mauritania, Mali, Mauritania, Mauritania, Mali, Mauritania, Mauritania, Niger, Burundi, Mali, Mauritius, Mauritania, Niger, Burundi, Mali, Mauritania, Mauritania, Niger, Burundi, Mali, Mauritius, Mauritania, Development of Central African States (BDEAC) . The mission of the FSA is to contribute to the economic development and social progress of its African Member States by facilitating, through its various intervention techniques, access to the financial resources necessary for the implementation of investment projects and other income-generating activities