Published on 03.16.2023 at 2:49 p.m. by Journal du Gabon. Com
The Minister of Investment Promotion Hugues Mbadinga Madiya met on Tuesday March 14 with the Director General of the African Guarantee and Economic Cooperation Fund (Fagace) with a view to his joining this institution.
Joining the African Guarantee and Economic Cooperation Fund (Fagace), was one of the main discussions between the Minister of Promotion and Investments and the Director General of Fagace Ngueto Tiraina Dressed. According to the general manager of Fagacethrough the Gabon Review site, what Africa needs is to accelerate the financing of economies to allow the public Treasury to breathe, and the Fagace practices financial engineering which makes it possible to make commitments by signature in order to achieve increased investment and job creation. “ We are a trusted certification, but we are also an institution that makes the proposal of optimal solutions to the economic and financial problems of our States », explained Ngueto Tiraina Yambaye.
And to add: We want Fagace to also be able to support Gabon in order to realize the potential that exists. It is a country which has a lot of potential, which is rich so the Fagace puts itself at the service of the State to be able to realize the dreams of the authorities of Gabon. “, indicated the director of Fagace which contributes to the economic and social development of its Member States and currently has several members, including Cameroon, Congo, CAR and Chad.
To better convince, the delegation of Fagace should liaise with other members of government, the banking sector and the private sector for a better assessment of the country’s potential. As a reminder, the Fagace is an international financial institution specializing in the promotion of public and private investments. It was created in Rwanda in 1977, and has specialized for more than 40 years in the establishment of guarantee tools for the private sector and States.
