How to mobilize domestic and international private investment for sustainable growth in poor and vulnerable countries ?

May 22, 2023, Paris et en ligne

Fifth event (5/6) of the Ferdi Chair on International Development Finance Architecture leading up to the Summit for a New Global Financing Pact.

The fifth event in the series aimed to examine the challenges and opportunities of mobilizing private capital for sustainable development in poor and vulnerable countries, as well as initiatives and policies in place to encourage private sector investment.

The conference was held during the day (from 9:30 am to 17:15 pm) and included 3 sessions.

Monday 22 May 2023
9h30 - 17h15 (Paris Time)
Paris, Hôtel de l'Industrie – and online


Introduction of the day

9:30 am - 9:45 am

Patrick Guillaumont, President of Ferdi

Stéphane Tabarié, Head of Unit - Subsaharan Africa, Monetary cooperation and Agence française de développement · Direction générale du Trésor (French Treasury)

Session 1 : How to better mobilize sustainable domestic and international private capital for start-ups ans SMEs in poor and fragile countries ?

9:45 am - 11:15 am

While efforts to promote the private sector in favor of development have in practice focused on foreign direct investment and the largest companies, local companies in poor and vulnerable countries have had difficulty attracting the capital they need to develop, particularly because of their difficulty in meeting the profitability requirements imposed by the market. However, in recent years, there has been a new dynamic that favors the emergence of new so-called impact actors focused particularly on entrepreneurs and SMEs in poor countries.
This session proposed to discuss the role that public institutions can play in fostering this entrepreneurial emergence in poor and fragile countries.


  • Jean-Michel Severino, Member of the Académie des Technologies, co-director of the Impact Investment Chair at Ferdi, Chairman of the Supervisory Board of I&P


  • Jean-Louis Arcand, President GDN, co-director of the Impact Investment Chair at Ferdi


  • Fatoumata Ba, Founder & President of Janngo
  • Mariam Djibo, Managing director of Advans RCI, co-director of the Chair of Impact Investments at Ferdi
  • Nathalie Gabala, Executive director of the Mastercard Foundation - online
  • Olivia Riera Lamiroy, Private Sector, Trade and Investment Unit, Directorate general INTPA, European Commission - online
  • Papa Amadou Sarr, Executive Director of AFD, former Minister delegate general for rapid entrepreneurship of Women and Youth in Senegal
  • Marianne Vidal Marin, Director of I&P Conseil


Session 2 : How to better finance the agricultural private sector in vulnerable countries

11:45 am - 1:15 pm

Despite its widely recognized importance and many local successes, agriculture in Sub-Saharan Africa as a whole is experiencing relatively slow growth. This is due to underinvestment in agriculture, a deficit in the adoption of new technologies and the transition to higher-value crops, a lack of competitiveness vis-à-vis imports, and the adverse effects of climate change. In addition, there is persistent rural poverty and a delay in structural transformation. How then can small-scale agricultural enterprises in Sub-Saharan Africa be supported ?

Documents and presentations

  • Supporting agricultural businesses in the face of risk: what are the effective instruments ?, Alain de Janvry and Elisabeth Sadoulet, UC Berkeley and Ferdi, "Supporting agricultural businesses in the face of risk
  • For a financing instrument dedicated to private enterprises in the agricultural, livestock and agribusiness sectors in Africa, Jean-Marc Gravellini, Head of the Chair of Agricultural Modernization Policy in Africa at Ferdi and Alfa Group


  • Alain de Janvry, Professor, University of California at Berkeley, Ferdi Chair in Agricultural Modernization Policies in Africa


  • Karim, Aït Talb, Deputy Managing Director of Advens / Geocoton, President of Alfa
  • Bagore Bathily, General Manager of La Laiterie du Berger - online
  • Daniel Clarke, Director of the Centre for Disasters Protection 
  • Marie-Yvonne Charlemagne, Founder and Managing Partner of Mya Partners
  • Djalal Khimdjee, Deputy Managing Director of Proparco

01:15 pm - 3:00 pm


Session 3 : How to better mobilize sustainable international and domestic private capital to vulnerable countries and finance their infrastructure, financial institutions and large companies ?

3:00 pm - 4:45 pm

The Addis Ababa conference in 2015 promised a multi-billion dollar increase in private investment for sustainable development. What happened to ensure that the bulk of these flows could not be mobilized for this purpose? How could aid agencies and development finance institutions attract these flows to meet the ever-increasing need for development finance and the promotion of global public goods ?   

Presentation et moderation

  • Philippe Le Houérou, Chairman of the Board of Directors of AFD, Director of the AIFD Chair, Former Executive Vice President and Managing Director of the International Finance Corporation (IFC) 
  • Hans Peter Lankes, Visiting Professor at LSE Grantham Research Institute, and Senior Fellow at LSE/Oxford International Growth Centre and ODI - online


  • Christophe Angely, Special Advisor to Ferdi, Former Managing Director Corporate Banking Barclays Bank
  • Pierre Carpentier, Managing Director Africa, Duval Group - online
  • Alain Ebobissé, Managing Director of Africa 50
  • Stéphanie von Friedeburg, Managing Director, City Bank
  • Alioune Ndiaye, Chairman of the Board of Directors of Orange Middle East and Africa
  • Mathieu Peller, Deputy Managing Director of Meridiam


4:45 pm -5:15 pm

Conclusions of the day and next steps with Jean-Michel Severino, Alain de Janvry, Philippe le Houérou and Patrick Guillaumont.  


Since its creation, FERDI has made international development finance its priority programme. At the same time, it has carried out a great deal of work on country vulnerability, its different forms, their measurement and how they were or could be taken into account in international development finance. Ferdi is internationally recognised for its expertise on issues of country vulnerability and its links to financing. 

In addition, since the beginning of the year, FERDI has created a Chair on the "International Architecture Development Finance " (IADF) under the direction of Philippe le Houérou, Chairman of the Board of Directors of AFD and former CEO of IFC, and with the participation of a select group of French personalities with considerable experience in the field and an equal desire for reform, all intervening in their personal capacity: notably Rabah Arezki, former Chief Economist and Vice President of the African Development Bank; Bruno Cabrillac, Deputy Director General of Studies and International Relations, Banque de France; Sylviane Guillaumont Jeanneney, Professor Emeritus, former member of the Board of Directors of the AFD; Alain de Janvry and Elisabeth Sadoulet Professors at the University of California at Berkeley, Senior Fellows at Ferdi; Olivier Lafourcade, former Director at the World Bank; Alain Le Roy, Ambassadeur de France and former Under Secretary General of the United Nations; Jean-Michel Severino, Chairman of Investisseurs et Partenaires (I&P) and former Director General of the AFD. 

The purpose of the group was to reflect independently on what the global development finance system should become in the light of the current international situation and the lessons learned from the past 60 years. The announcement made by the President of the French Republic of a Summit to be held in Paris on the financing of vulnerable countries with a view to adopting a Financial Pact with these countries has led the IADF Chaire to adapt, accelerate and amplify its programme so as to make contributions on themes that are crucial to the orientation of the Summit. 

Forthcoming events

Allocating new development finance taking into account multidimensional vulnerability, event organised with the OIF and the Commonwealth Secretariat, as part of the Summit for a New Global Financial Pact. 22 June, Paris

Event On the basis of a "financial pact": reforming conditionality and procedures to increase the effectiveness of public fundingEvent Avoiding a new debt crisis: financial engineering or development dynamics? Event Diversification and fragmentation of public financing for developmentEvent Multiple climate or environmental funds: What role for the multilateral development banks? Event Purposes and recipients of public financing for development. How to reach vulnerable countries?

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