On September 6, ALER had a meeting with a consultant from the African Development Bank (AfDB) under the "Compact for Lusophone Countries", an initiative launched by the AfDB with the Portuguese Government in November of last year, on the occasion of the official visit of the AfDB’s President to our country.
The purpose of the meeting was to list potential instruments to be used and partnerships to be implemented under this initiative, in particular the survey of investment opportunities and constraints faced in the PALOP.
ALER reaffirmed its total willingness to collaborate with AfDB in this initiative and hopes to be able to make a special contribution to the Compact for Lusophone Countries through:
The “Compact for Lusophone Countries” is an initiative that aims to build a consolidated matrix of projects in the PALOP, with a focus on private sector development through credit enhancement, mitigation and risk-sharing instruments, as well as the use of technical assistance in order to generate bankable projects.
Work in the development of this initiative is in progress and the signing of the Compact is planned for next November during the African Investment Forum, to be held from 7 to 9 November 2018 in Johannesburg, South Africa, where a special session is planned for Portuguese-speaking investors.