The Ministry of Finance (Angola) announced that the FGC has joined the AAIDF, citing the move as recognition of its role in expanding access to credit for micro, small and medium-sized enterprises. During the association’s general assembly, the FGC was highlighted for its management of its guarantee portfolio and for transparency in administering public guarantee instruments. The FGC becomes the third Angolan financial institution in the AAIDF, after Banco de Desenvolvimento de Angola and Banco de Poupança e Crédito, and the ministry said membership is expected to provide access to financing networks, co-guarantee initiatives, technical capacity-building and knowledge-sharing, while increasing institutional visibility and the potential to influence policy discussions relevant to Africa’s financial sector.
Ministry of Finance (Angola) 2025-05-26
Ministry of Finance (Angola) announces FGC joins AAIDF as Angola’s third member institution
The Ministry of Finance (Angola) announced that the Credit Guarantee Fund (FGC) has joined the African Association of Development Finance Institutions (AAIDF), recognizing its role in expanding credit access for micro, small, and medium-sized enterprises. Commended for its portfolio management and transparency in public guarantee instruments, FGC is the third Angolan institution in the AAIDF. Its membership is expected to enhance financing networks, co-guarantee initiatives, and policy influence in Africa's financial sector.