GUARANTEES
GRANTED PER INSTITUTION SINCE ESTABLISHMENT TO 12/31/2003
| COUNTRY
|
NUMBER
|
%
|
AMOUNT
|
%
|
| BCB
|
1
|
0.99%
|
100
000 000 |
0.26%
|
| BEI
|
1
|
0.99%
|
1
300 000 000 |
3.35%
|
| BIA
TOGO |
1
|
0.99%
|
75
000 000 |
0.19%
|
| BIAO
CI |
1
|
0.99%
|
87
500 000 |
0.23%
|
| BICICI
|
5
|
4.95%
|
637
500 000 |
1.64%
|
| BICIS
|
1
|
0.99%
|
475
000 000 |
1.22%
|
| BIG
|
2
|
1.98%
|
210
200 000 |
0.54%
|
| BOA
BENIN |
3
|
2.97%
|
1
675 000 000 |
4.32%
|
| BOA
BURKINA |
3
|
2.97%
|
325
000 000 |
0.84%
|
| BOA
CI |
9
|
8.91%
|
2
750 000 000 |
7.09%
|
| BOA
MALI |
1
|
0.99%
|
50
000 000 |
0.13%
|
| BOAD
|
11
|
10.89%
|
8
576 000 000 |
22.11%
|
| BTCI
|
1
|
0.99%
|
162
000 000 |
0.42%
|
| CAA
|
2
|
1.98%
|
281
000 000 |
0.72%
|
| CBAO
|
8
|
7.92%
|
3
844 000 000 |
9.91%
|
| CITIBANK
|
1
|
0.99%
|
1
400 000 000 |
3.61%
|
| CLS
|
1
|
0.99%
|
105
000 000 |
0.27%
|
| CNCA
BURKINA |
1
|
0.99%
|
119
000 000 |
0.31%
|
| COBACI
|
6
|
5.94%
|
710
000 000 |
1.83%
|
| CONTINENTAL
BK |
3
|
2.97%
|
1
250 000 000 |
3.22%
|
| CIM
|
1
|
0.99%
|
879
474 903 |
2.27%
|
| DEG
|
1
|
0.99%
|
804
925 173 |
2.08%
|
| ECOBANK
BENIN |
1
|
0.99%
|
150
000 000 |
0.39%
|
| ECOBANK
CI |
2
|
1.98%
|
150
000 000 |
0.39%
|
| ECOBANK
NIGER |
3
|
2.97%
|
943
000 000 |
2.43%
|
| ECOBANK
SNGL |
1
|
0.99%
|
375
000 000 |
0.97%
|
| ECOBANK
TOGO |
5
|
4.95%
|
1
714 500 000 |
4.42%
|
| EIC
|
1
|
0.99%
|
1
500 000 000 |
3.87%
|
| OMNIFINANCE
|
1
|
0.99%
|
55
000 000 |
0.14%
|
| PROPARCO
|
15
|
14.85%
|
5
765 849 924 |
14.87%
|
| SGBCI
|
1
|
0.99%
|
187
500 000 |
0.48%
|
| SGB
GUINEE |
3
|
2.97%
|
702
550 000 |
1.81%
|
| SGI
BICI BOURSE |
1
|
0.99%
|
250
000 000 |
0.64%
|
| SIB
|
2
|
1.98%
|
300
000 000 |
0.77%
|
| SSB
|
1
|
0.99%
|
875
000 000 |
2.26%
|
| TOTAL
|
101
|
100.00%
|
38
785 000 000 |
100.00%
|
DISTRIBUTION
OF THE GUARANTEES GRANTED PER COUNTRY IN 2003
| COUNTRY
|
NUMBER
|
%
|
AMOUNT
|
%
|
| BENIN
|
2
|
12.50%
|
250
000 000 |
4.52%
|
| GUINEE
|
3
|
18.75%
|
601
000 000 |
10.87%
|
| NIGER
|
5
|
31.25%
|
1
693 000 000 |
30.61%
|
| SENEGAL
|
1
|
6.25%
|
1
200 000 000 |
21.70%
|
| TOGO
|
5
|
31.25%
|
1
787 000 000 |
32.31%
|
| TOTAL
|
16
|
100.00%
|
5
531 000 000 |
100.00%
|
DISTRIBUTION OF THE GUARANTEES PER COUNTRY
SINCE ESTABLISHMENT
| COUNTRY
|
NUMBER
|
%
|
AMOUNT
|
%
|
| BENIN
|
11
|
10.89%
|
5
691 365 180 |
14.67%
|
| BURKINA
|
7
|
6.93%
|
1
534 544 819 |
3.96%
|
| COTE
D'IVOIRE |
44
|
43.56%
|
16
329 264 315 |
42.10%
|
| GHANA
|
6
|
5.94%
|
2
526 900 000 |
6.51%
|
| GUINEE
|
5
|
4.95%
|
913
200 000 |
2.35%
|
| MALI
|
7
|
6.93%
|
4
009 200 783 |
10.34%
|
| NIGER
|
5
|
4.95%
|
1
693 000 000 |
4.36%
|
| SENEGAL
|
8
|
7.92%
|
2
724 000 000 |
7.02%
|
| TOGO
|
8
|
7.92%
|
3
364 500 000 |
8.67%
|
| TOTAL
|
101
|
100.00%
|
38
785 975 097 |
100.00%
|
The
GARI Fund's strategy since 1999 has been to avoid portofolio concentration
so as to curb the effects of socio-political and economic jitters
in a given country on GARI's activities. For instance, Côte
d'Ivoire, which accounted for over 80% of the granted guarantees
in 1998 only accounts for 43,56% of them in 2003.
