Proparco and the UEMOA Regional Mortgage Refinancing Fund are joining hands to promote access to affordable housing for low-income populations in the 8 countries of the West African Economic and Monetary Union (UEMOA). The signing of the partnership agreement took place on Thursday, November 25, 2021, in Lomé, Togo.

This partnership is a loan of 40 million euros (approximately 26.21 billion FCFA) from Proparco to the Regional Mortgage Refinancing Fund of UEMOA (CRRH-UEMOA) for the refinancing of affordable housing loans granted by WAEMU banks to low-income populations in the Union. The agreement was signed by Rémy Rioux, Managing Director of the Agence Française de Développement (AFD) Group, and Chairman of Proparco, and Christian AGOSSA Managing Director of CRRH-UEMOA. It was in the presence of Serge EKUE, President of the West African Development Bank (BOAD). It should be noted that the financing is accompanied by a technical support grant in the amount of 500,000 euros, i.e. nearly 328 million FCFA intended to strengthen the internal capacities of CRRH-UEMOA, and to support its awareness among its customers.