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The African Development Bank wants to improve the offer of African Deposits and Consignment Banks

22/01/2021
Source : financialafrik.com
Categories: Economy/Forex

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Strengthen the capacities of Caisse de Dépôts in terms of asset and liability, portfolio and risk management. And above all, have a solid governance system, an adequate risk management framework, and an excellent capacity to mobilize and manage public funds in the portfolio. These are the offers that the African Development Bank (AfDB) offers, in partnership with the Caisse de Dépôts et de Consignation de Côte d'Ivoire (CDC-Ci), to other African Depository Banks in order to make them

more efficient.

This is the subject of a training and capacity building session held on 20 and 21 January 2021 by videoconference and which brought together members from the Caisse des Dépôts et Consignations (Cdc) from Benin, Burkina Faso, Côte d'Ivoire, Niger, Senegal, Gabon and Tunisia.

“These training sessions are an opportunity for Credit Unions and Consignments to strengthen their operational capacities, learn about best management practices, and take ownership of innovative financial mechanisms and instruments from development institutions such as the African Development Bank,” said Lassina Fofana, Director General of the CDC in Côte d'Ivoire.

According to Stefan Nalletamby, Director of the Bank's Financial Sector Development Department, the Bank's support to the CDCs is an integral part of its financial sector development strategy because of the important role they have to play in the long-term financing of the Bank's five top strategic priorities known as the High 5. “To meet the needs of economies, the CDC must have a solid framework and capacity to manage risks, to mobilize, manage and invest public funds in their portfolios. This is their major challenge. ” he said.

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