Multinational - Regional African Trade Insurance - Country Membership Programme


Project Summary

Approval Date 23 Sep 2015
Signature Date 16 Nov 2015
Planned Completion Date 31 Dec 2017
Last Disbursement Planned Date 31 Dec 2017
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 4,970,000
Status Completion

Project General Description

The Regional African Trade Insurance Agency (ATI) Country Membership Programme (RACMP) consist of strengthening the capacity of the three countries Benin, Ethiopia and Cote d’Ivoire to join the ATI. RACMP is based on the recognition that both the three RMCs lack the necessary capacity and financial resources to effectively navigate the myriad of issues impacting on the successful implementation of trade finance and investment risks underwriting. In this regard, they require timely support on a coordinated basis to ensure that they as individual countries and collectively, accelerate the implementation of the ATI mandate. The programme will provide the necessary resources to allow Benin, Ethiopia and Cote d’Ivoire subscribe and ascend to ATI membership. It will also support delivery of an integrated and enhanced trade finance and investment risk underwriting framework for the private sector in the relevant countries by the ATI. The total project cost is UA 45.04 MILLION of which UA 19.87 MILLION (44%) is being requested from fDB.

Project Objectives

The overall goal is to strengthen the financial capacity of Regional Member Countries (RMCs) with the necessary resources for membership subscription in African Trade Insurance Agency (ATI) to allow greater underwritten insurance cover for Africa’s private sector socio economic development The specific objectives are: (i) To assist RMCs with the required resources for their ATI membership subscription; and (ii) To broaden and improve governance structures and assist the ATI in building its core risk underwriting, oversight, communication and policy capacity for addressing enabling environment for private sector development by pooling resources and bringing new members into the governance of the organisation.

Beneficiaries

The immediate beneficiaries of the Programme will be the African Trade Insurance Agency (ATI) and the participating countries namely: Benin, Ethiopia and Cote d’Ivoire. The private sector in the target countries will be the ultimate but indirect beneficiaries.

Participating Organization

Funding
African Development Fund
Implementing
African Trade Insurance Agency (ATI)

Information

IATI identifier 46002-P-Z1-HZ0-016
Last Update 31 Oct 2019

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Contact Details

Name NGANDU Willy Budibunene
Email w.ngandu@afdb.org

Geographic Location

Country Multinational