53th FAGACE Board of Directors Ordinary Session in Cotonou
The 53thordinary session of the Board of Directors of the African Guarantee and Economic Cooperation Fund (FAGACE), which took place on Thursday 20 June 2019, was predsided over by the outgoing president Hilaire Mavoungou, budget adviser at the Congolese Ministry of Finance. This session was held as a prelude to the 11thordinary session of the Board of Governors of the Fund, which took place on Friday 21 June 2019. The recommendations of this Board include the approval of the financial statements of the 2018 financial year showing a net profit of 111 million 233 thousand 239 FCFA.
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