The Financial Sector Deepening and Financial Inclusion Project in Niger (PASFIF) was designed because of the need to support Niger in the process of modernising its economy and creating structural conditions for strong, sustainable, inclusive and diversified economic growth. The project aims to achieve structural transformation of the credit market in Niger by proposing medium, and long-term financing (+5-10-20 years) to financial system actors by significantly improving financial inclusion and green/climate finance mobilisation capacity nationwide. Its expected outcomes include (i) improved mobilisation of long-term resources and green funds; (ii) improved financial inclusion; and (iii) enhanced job creation. PASFIF has three complementary components: (i) deepening of long-term financing and increased mobilisation of green funds through capitalisation and capacity building of the Inclusive Finance Development Fund (FDIF); (ii) support for the digital financial inclusion of the population; and (iii) project management. The project primarily contributes to climate adaptation results. As such, 20% of the total approved amount is attributed as climate finance, of which 3 million USD is dedicated to adaptation.

Niger

African Development Bank Group

Africa Sub-Saharan Africa Western Africa

Printing and Publishing Construction Computer Hardwares and Consumables

23.11.2022

Original Url