The Minister of Economy and Finance Mr. Alousseni Sanou and the Managing Director of the Private Sector Guarantee Fund (FGSP-SA) Mr. Adrien Sarr signed an agreement relating to the management of the Partial Portfolio Guarantee Fund of Credits (GPP Fund) to micro, small and medium-sized enterprises in Mali, on Tuesday August 17, 2021. It was within the framework of the project for the Promotion of Access to Financing, Entrepreneurship and Employment in Mali ( Pafeem).

In the amount of CFAF 7.7 billion, the signing of the agreement relating to the management of the Partial Loan Portfolio Guarantee Fund (GPP Fund) for micro, small and medium-sized enterprises in Mali aims to encourage Banks and Decentralized Financial Systems to lend to micro, small and medium-sized enterprises (MSMEs) to meet their short-term financing needs, arising from the health crisis as well as structural problems of access to financing in general. As such, the Pafeem project will provide the Private Sector Guarantee Fund with a fund of 14 million US dollars, or approximately seven billion seven hundred million (7,700,000,000 CFA francs) to set up a Partial Guarantee mechanism. portfolio (GPP) for MSMEs. In addition to this fund, an additional amount of 2 million US dollars, or approximately one billion one hundred million (1,100,000,000) CFA francs will be dedicated to technical assistance for the FGSP SA” declared the Minister during the ceremony. This signed agreement also defines the respective attributions of the two parties: the State (owner of the funds) and the FGSP-SA (manager of the funds), the supervision framework of the State, the supervision of the fund management mechanism by the FGSP-SA and to specify the role of the Pafeem Management Unit, in particular the preservation, securing and sustainability of the Fund,” declared the Minister during the signing ceremony.