The international arm of one of the world’s largest development organisations, BRAC, has launched a capital markets debt programme that will secure financing for its microfinance operations for the coming decade. Proparco, with a 25 million dollars facility, have participated to the launch of the programme alongside Global Partnerships.

After a pilot Trade Finance project launched in 2017 with Ecobank Group subsidiaries in Mali, Burkina Faso, Guinea and Côte d'Ivoire (and their French subsidiary as confirming bank), PROPARCO has just signed a USD 10M Trade Finance Guarantee Programme with Ecobank Liberia Limited (ELR). The event was held in the presence of Jean-Yves Le Drian, Minister of Europe and Foreign Affairs of France, Dee-Maxwell Saah Kemayah Sr, Minister of Foreign Affairs of Liberia, Michaël Roux, Ambassador of France to Liberia and Christophe Cottet, AFD’s Country Director for Ghana and Liberia.

Proparco has announced its 12 million dollars participation in the 32 million-dollar Series 2 of the Debt program initiated by BRAC International Microfinance. The consortium of investors comprises BIO, Global Partnerships and Ceniarth.