On November 24, 2022, the Board of Directors of the African Development Fund, the concessional lending arm of the African Development Bank Group, approved funding of 16 million US dollars. A sum granted in the form of a loan and a grant to Niger to implement the Financial Sector Deepening and Financial Inclusion Project.

Ensuring better mobilization of long-term resources for financial service providers and improving the financial inclusion of vulnerable populations is the objective of the project to deepen the financial sector and the financial inclusion of vulnerable populations. Women, young people, populations living in rural areas and micro, small and medium-sized enterprises are the most affected by this project.

Specifically, this project will contribute to setting up a financing mechanism conducive to and adapted to the needs of micro, small and medium-sized enterprises through the capitalization of the Financial Inclusion Development Fund and the strengthening of the technical and operational capacities of financial service providers, including systems decentralized finances.