Ethiopia- African Trade Insurance- RMC Membership Porgramme


Project Summary

Approval Date 23 Sep 2015
Signature Date 30 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

Regional African Trade Insurance Country Membership Programme (RACMP) aims to contribute to institutional development and knowledge building in Benin, Ethiopia and Cote d’Ivoire, particularly in financial sector development. The rationale for the programme is based on the recognition that both the three Regional Member Countries (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 African Trade Insurance (ATI) mandate. This programme is expected to strengthen the capacity of the three countries Benin, Ethiopia and Cote d’Ivoire to join the ATI. 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 programme cost is estimated at UA 45.04 millions.

Project Objectives

The main objective of the programe is to strengthen the capacity of the RMCs with the necessary financial resources for membership subscription in African Trade Insurance (ATI) Agency to allow greater underwritten insurance cover for Africa’s private sector and 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 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. Due to concerns associated with the potential for most indirect benefits accruing to large corporates, the Appraisal Team agreed with the ATI and the respective RMCs that requisite frameworks would be drawn during implementation on how to increase the access to this facility by the SMEs and women managed/owned businesses. The log frame has been designed to highlight an increase in the population of SMEs access to trade financial services as a performance indicator.

Participating Organization

Funding
African Development Fund
Extending
Government
Implementing
Africa Trade Insurance Agency (ATI)

Information

IATI identifier 46002-P-Z1-HZ0-023
Last Update 31 Oct 2019

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Contact Details

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

Geographic Location

Country Multinational