Deposit and Consignment Fund received the visit of Mr Bernardo BINI SMAGHI, Secretary General of the Deposit Fund Forum from 21 to 22 May 2019.
The objective of this visit focused on the main achievements, the structuring of CDC Gabon's economic and financial model and the candidacy of Deposit and Consignment Fund to chair the Deposit Fund Forum for a two-year period (September 2019-July 2021).
The Deposit Fund Forum
The " Deposit Fund Forum'' is a platform for exchanges and dialogue between financial institutions responsible for collecting, managing and using savings or any form of public investment resources for economic and social development.
As such, it brings together every two years, members whose activities are guided by the principles of protection, security and performance of publicly mandated funds. It also promotes the development of long-term savings and its transformation into long-term financing, while respecting the principle of investment neutrality.
Deposit Fund today constitute a homogeneous category of long-term public institutional investors whose specificities take into account national contexts.
They play a major role in the economic development of their country through the specific missions entrusted to them to respond to structuring needs and national priorities.
The relevance of the economic model is no longer to be demonstrated. Indeed, despite the crises and exogenous shocks they have experienced, the Deposit Banks, particularly the oldest, have proven the robustness of a transnational and unique institutional model in the global economic and financial landscape.
Their economic and prudential model is based on permanent stable resources, often characterised by a high level of equity capital, pension fund management mandates entrusted by the public authorities and instruments for collecting and mobilising public savings. In terms of employment, Deposit Fund are committed to a long-term investment horizon by favouring asset classes adapted to their role as informed investors. The robustness and resilience of the business model is also based on optimal and efficient risk management and asset/liability management.
Through an exchange forum, members and their guests meet around the themes that were decided during the previous Forum and are managed through the Coordination Committee.