Togo : BOAD and MIFA to soon ink partnership agreements

Economic governance
Tuesday, 29 January 2019 17:17
Togo : BOAD and MIFA to soon ink partnership agreements

(Togo First) - The BOAD and MIFA’s coordination team will “in the coming days” sign partnership agreements, sources close to the MIFA indicate.

The deals fall in line with support provided by BOAD to the Togolese scheme. In effect, the regional bank should invest €100 million in this project.

In this framework, a guarantee line should be put in place to facilitate farmers’ access to financing.

Also, firms of the concerned value chain should be funded via a dedicated desk. Last, a MIFA project is to be financed under the guidance of MIFA’s coordination team.

The MIFA, let’s recall, is based on a risk-sharing principle. It aims to boost bank loans to the agricultural sector via related value chains.

Séna Akoda

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