Finance in Common Summit AFD is mobilizing €3 million to strengthen the structure and development of the Caisses des Dépôts et Consignations of Burkina Faso and Côte d’Ivoire

The mobilization of domestic savings is a major issue for the sustainable financing of African economies. The model of Caisses des Dépôts et Consignations (CDCs), which are institutions that ensure the transition between the State and private sector, allows this mobilization of African domestic resources for the economic and social development of the continent and the achievement of the Sustainable Development Goals (SDGs).  

The facility to support the operationalization of the CDCs in Burkina Faso and Côte d’Ivoire set up by AFD will make them leading actors in financing public development policies and strategies in their countries. The project implemented by Expertise France will assist the two Africa CDCs with the development of their investment strategies and business plans and help train their officers.

In 2015, the African Union adopted a strategy to encourage Member States to set up innovative financing mechanisms to double the contribution of African capital markets to the continent’s development. This is why Burkina Faso set up a CDC in 2017 and Côte d’Ivoire in 2018. 

The French Caisse des Dépôts et Consignations will be the guarantor of the technical assistance provided. It will also contribute to facilitating the dialogue between the two African CDCs through its peer-to-peer bilateral cooperation with them and the multilateral relations under the Caisses des Dépôts Forum.