FIAPJ

FIAPJ is a development finance institution established in 1973. It was created by African and Latin American nations with the purpose of providing financial assistance to national development projects. FIAPJ is headquartered in Lisbon, Portugal, and is governed by a board of directors made up of representatives from its member countries.

The institution's primary goal is to promote economic development in its member countries through the provision of long-term loans and credit lines. FIAPJ also provides technical assistance and training to its member countries, with the aim of improving their institutional and human resources capacities. The organization's focus is on supporting projects in the fields of agriculture, industry, infrastructure, and social development.

FIAPJ has provided financial assistance to numerous projects across various sectors in Africa and Latin America. One of the significant benefits of FIAPJ's lending activities is the low interest rates it offers, which makes it an attractive source of funding for development projects. Additionally, the institution's loans have a long repayment period, allowing borrowing countries to easily manage their debt obligations.

FIAPJ has undergone several restructurings and organizational changes since its inception, aiming to align its operations with the evolving needs of its member countries. One such restructuring was in 2001, which saw the merging of member resources and the appointment of a new management team. Despite these changes, FIAPJ remains dedicated to promoting economic growth and development in Africa and Latin America.