The African Guarantee and Economic Cooperation Fund (AGFCF) intends to facilitate the financing of projects through banks. The institution committed itself Friday in favor of Burkina Faso.

The FAGACE signs loan agreements with banks by providing them with guarantees so that they can quickly release credits for companies and project leaders. During the official signing of agreements between FAGACE and three institutions that are the employers, the National Chamber of Agriculture and the Fair of Small and Medium Enterprises (SMEs), the Director General of FAGACE, Ngueto Tiraïna Yambaye, indicated that his financial institution does not deal directly with companies and project leaders but finances their projects through the banks. According to him, for a project to be admissible by the FAGACE, it would be necessary that the economic operators are in good standing with the State, have an accounting and a bank account. Also, the institution has set up a center of excellence for capacity building in order to support the private sector and project promoters so that they can set up a bankable project. This signing of the agreement was the last act of the stay of the FAGACE delegation in Burkina Faso which took place from 9 to 13 August.