Financing development: five questions to understand the continent's new tools

2023-11-21 12:41:24

Published on November 21, 2023

Lecture : 5 minutes.

THE DECRYPTION OF JA – This is a first in the energy sector in West Africa. In Ivory Coast, on October 30, the Electricity for All Program (PEPT) fund launched a emission social bonds amounting to 60 billion CFA francs (88 million euros). Funds mobilized will be allocated to financing the connection to the national electricity network of around 800,000 low-income households. This fonds common debt securitization “Electricity for all” (FCTC EPT), which required several months of work to be launched, must make it possible to attract new categories of investors.

“These are assets sought after by funds of investments who have billions to invest in social projects, the blue economy, green finance,” explains Harris Hounton, senior investment officer at the International Finance Corporation (IFC). Are these innovative mechanisms the solution to allow the continent to achieve the Sustainable Development Goals (SDGs) defined by the United Nations in 2015 ? Response elements.

To read : Green finance: African banks on the edge of the woods