Atlantic Microfinance For Africa (AMIFA), subsidiary of the BCP Group, and International Finance Corporation (IFC), a member of the World Bank Group, concluded on Wednesday, October 24, 2018, a partnership for an assistance and consulting agreement with a total budget of $ 1.4 million.
On this occasion, a signing ceremony was held at the headquarters of the BCP between Mr. Kamal MOKDAD, General Manager in charge of International within the BCP group, and Mr. Riadh NAOUAR, IFC Manager in charge of Financial Sector Advisory Services for the Middle East and Africa region.
This agreement will enable AMIFA to strengthen, in particular, the development capacity of its microfinance program in sub-Saharan Africa aimed at small and medium-sized enterprises and small project developers and, in general, to strengthen its action in favor of financial inclusion and economic integration.
On the sidelines of this signing ceremony, Mr. Kamal MOKDAD said, “This partnership will allow us to have IFC’s recognized expertise and support in optimizing our model and delivering our microfinance program. social and economic, on the one hand, and to contribute more effectively to the financial inclusion of a significant portion of
low income, on the other hand. ”
For his part, Mr. Riadh NAOUAR said: “The development of microfinance makes it possible to extend access to financial services to marginalized populations and to very small businesses. “. He added: “We are pleased to support the BCP Group’s ambitions in sub-Saharan Africa and will be at its side to contribute to the success of the AMIFA network and the growth of inclusive and sustainable growth in the region. ”
ABOUT ATLANTIC MICROFINANCE FOR AFRICA (AMIFA):
Holding, as a public limited company, created by the Banque Centrale Populaire group to lead and pilot its program for the promotion of microfinance in Africa through dedicated local structures. AMIFA covers, at this stage, four West African countries (Ivory Coast, Guinea, Senegal and Mali).
ABOUT INTERNATIONAL FINANCE CORPORATION (IFC):
IFC (International Finance Corporation), the sister institution of the World Bank within the group of the same name, is the largest international development aid institution serving the private sector in emerging countries. It works with more than 2,000 companies around the world and dedicates its capital, skills and influence to creating markets and opportunities in the most sensitive areas of the planet. In fiscal year 2018, IFC’s long-term financing in developing countries reached more than US $ 23 billion and enabled
Mobilize the capacity of the private sector to help end extreme poverty and promote shared prosperity.
