The portfolio guarantee allocated by Proparco, for a maximum amount of EUR 3.5m (XOF 2.3bn), will allow BICIS to continue to support the economic development of Senegal. The ARIZ guarantee, a financial instrument set up by AFD Group, is a risk-sharing tool offered to financial institutions to allow them to develop their activity for MSMEs. ARIZ is thereby an effective instrument to promote investment and job creation in a number of sectors of activity (agriculture, health, industry, microfinance, transport…). This key tool for financial intermediation is particularly suited to the specific characteristics of Senegal’s economy.