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Niger: The AfDB approves $400,000 for the Caisse des dépôts et consignations

24/12/2021
Categories: Companies

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The African Development Bank Group (AfDB) has approved a grant of US$420,000 for Niger. This financing reinforces its capital markets strategy and broadens the investor base.

The grant from the Capital Markets Development Trust Fund (CMDTF), a multi-donor fund administered by the AfDB, is intended for the Caisse des dépôts et consignations du Niger, which will use them to develop a strategy for mobilizing institutional savings and mortgage refinancing of social housing. The design of the project was born out of a participatory process involving the Caisse des dépôts et consignations du Niger, the Nigerien Ministry of Economy and Finance and local capital market actors.

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