Banque Atlantique and the Integrated Project for the Modernization of Livestock and Agriculture in Niger (PIMELAN) have signed an agreement on Shared Cost Financing (FCP), actors in the value chains linked to agriculture and to livestock farming in Niger. The information was made public in a press release from the banking institution on December 17.

With a total cost estimated at 134.9 billion FCFA, this project will be financed by the International Finance Corporation (IFC), to the tune of 6 million USD, the beneficiaries for 5.9 million USD and the partner financial institutions, including the Banque Atlantique, for a total amount of 23 million USD.

In addition, the Banque Atlantique, a key player in the financial sector in Niger, has been designated as the main bank of the project, and will receive in its books 100 million USD, representing the contribution of the World Bank over the duration of this program.

The signing ceremony of the agreement took place on November 10 in the presence of Ali Gonki, Minister Delegate in charge of Livestock, Joëlle Dehasse, Resident Representative of the World Bank in Niger, and N'gan Coulibali, Director General of Banque Atlantique Niger.

In concrete terms, this project aims to strengthen agricultural productivity and access to markets for small and medium-sized farmers and agrifood SMEs. The program has four components, namely, improving the quality of agricultural support services and policies, increasing investment in agricultural production, processing and access to markets, support for national coordination (UCN) and contingent emergency response.

It should be noted that Banque Atlantique has been present in Niger for many years and supports the State in development policies.