The African Guarantee and Economic Cooperation Fund (FAGACE) intends to facilitate the financing of projects through banks. The institution made a commitment on Friday to Burkina Faso.

FAGACE signs agreements with banks in terms of loans by providing them with guarantees so that they can quickly release credit to businesses and project holders. At the official signing of agreements between FAGACE and three institutions that are the employers, the national chamber of agriculture and the show of small and medium enterprises (SMEs), the Director General of FAGACE, Ngueto Tiraïna Yambaye, said that his financial institution does not deal directly with companies and project holders but finance their projects through banks. According to him, for a project to be admissible by FAGACE, the economic operators should be in good standing with the State, have an accounting and a bank account. Also, the institution has a center of excellence for capacity building in order to support the private sector and project developers so that they can mount a bankable project. This agreement signing was the last act of the FAGACE delegation's stay in Burkina Faso which took place from August 9 to 13.