In a statement, to which VerAngola had access, the fund states that the distinction was made this Monday.
"The Credit Guarantee Fund (FGC) was recognised this Monday by the African Association of Development Finance Institutions (AAIDF), due to its importance in the Angolan financial ecosystem and its impact on promoting access to credit for micro, small and medium-sized companies, economic operators that boost the real economy and accelerate development", the note reads.
"This recognition was confirmed with the delivery of a certificate of integration of the FGC as an effective member of the association", adds the entity.
In this way, the FGC becomes the "third Angolan financial institution to join", after the Development Bank of Angola (BDA) and the Savings and Credit Bank (BPC).
According to the statement, on Monday morning, the Chairman of the Board of Directors (PCA) of the FGC, Luzayadio Simba, and the Executive Director, Eduardo Mohamed, participated in the 50th anniversary workshop, "organized in partnership with the ADB, an event that served to reflect on the progress of the AAIDF over the last five decades and to project the future of the association in promoting financing and integration of development on the continent".
"In the afternoon, the high point of the FGC's participation in these celebrations took place, as during its General Assembly the AAIDF recognized the performance of the Angolan Credit Guarantee Fund, for its portfolio of guaranteed projects and transparency in the management of public guarantees".
With the motto "AAIDF 50 years - Joining forces for a more sustainable and green future for the development of African Financial Institutions", the association's half-century celebrations began on Sunday in Abidjan (Ivory Coast), "with the meeting of its Board of Directors, an essential forum that assesses the association's strategic objectives, discusses the current status of members and aligns the working document for the General Assembly".
