African Development Bank, International Financial Institutions Launch First-ever Co-Guarantee Platform


The African Development Bank (www.AfDB.org) alongside Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (www.ICIEC.com), African Trade Insurance Agency (ATI) (www.ATI-ACA.org) and GuarantCo, on Wednesday entered into a Memorandum of Understanding for a Co-Guarantee Platform (CGP). This initiative, the first of its kind and being promoted by the Bank, was signed on the first day of the Bank’s inaugural Africa Investment Forum in Johannesburg.

The Bank and its partners created the Co-Guarantee Platform for Africa, an innovative and collective de-risking instrument, to address the perceived high risk across the continent and the lack of capacity of traditional lenders to provide risk mitigation products for…

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