Photo: USAID/West Africa
Small-scale artisans who are part of the Ghanaian firm Kraft Export Consult stand to benefit as the firm accesses credit to increase exports
AGCI Access to Finance
The finance component of AGCI focuses on identifying market risks that governments can address and, in countries where the greatest impact can be made, encouraging expanded lending, particularly for trade and investment. An important aspect of the finance component is its ability to leverage the time and resources of highly specialized U.S. Government agencies, including world-class regulators from the Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission (SEC).
FY 2008 results from the finance component include:
- Working with the central banks of Angola, Kenya, Nigeria, and Rwanda on improving financial management and policy.
- Helping to modernize the real estate markets in Angola, Rwanda, South Africa, and Uganda.
- Supporting the development of a credit bureau in South Africa.
- Helping Rwanda automate and operationalize the off-site surveillance of financial markets.
- Saving 2,000 rural households an average of $180 a year by reducing cattle mortality in Zambia.
- Training nearly 600 Africans in such topics as off-site surveillance and state-of-the-art financial sector techniques and methods, utilizing FDIC and SEC expert advisors.
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