Mali - "Banque de développement du Mali (BDM-SA)"


Project Summary

Approval Date 18 Oct 2018
Signature Date 16 Aug 2019
Sovereign / Non-Sovereign Non Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 24,082,651.66
Status Implementation

Project General Description

The proposed project consists in granting an EUR 30 million line of credit to BDM-SA (Banque de Développement du Mali). This should enable it to meet the investment needs of its clientele through long-term financing. This clientele consists of large companies as well as small and medium-sized enterprises (SMEs) operating in sectors considered to be labor-intensive such as agribusiness and social housing. BDM-SA is a performance-oriented financial institution that provides funding under fair conditions to Mali’s economic operators as demonstrated by the sound economic and financial performance achieved throughout its existence. This Banque has become a major asset for implementing AfDB policies on private sector development in general, and SME/SMI development in particular. In order to take into account the African Development Bank's strategic priorities, it has been negotiated with BDM-SA that at least 15 % of the facility is dedicated to women entrepreneurs. The latter, in addition to financial resources, will benefit from a training cycle and supervision as part of a technical assistance program co-financed by the Bank.

Project Objectives

The project goal is to strengthen BDM-SA’s capital base by granting it long-term resources to facilitate access to medium- and long-term credit for Mali’s private sector enterprises.

Beneficiaries

The main beneficiary of this Line of Credit (LOC) is the Banque de Développement du Mali (BDM-SA) which will provide long-term financing to its clients to meet their investment needs. This clientele consists of large companies as well as small and medium-sized enterprises (SMEs) operating in sectors considered to be labor-intensive such as agribusiness and social housing.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-ML-HA0-008
Last Update 09 Aug 2020

Export

Contact Details

Email private-sector@afdb.org

Geographic Location

Country Mali