Officially launched on 1 June 2012, the African Guarantee Fund is a pan-African non-bank financial institution owned by the African Development Bank (AfDB), the Danish International Development Agency (DANIDA) and the Spanish Agency for International Development Cooperation (AECID), Agence Française de Développement (AFD) and the Nordic Development Fund (NDF). AGF’s primary mandate is to assist financial institutions in Africa to scale up their SME financing through the provision of partial loan guarantees and capacity development assistance. AGF’s primary mandate is to assist financial institutions in Africa to scale up their SME financing through the provision of partial loan guarantees and capacity development assistance. In addition, AGF has a Green Guarantee Facility with the overall goal of enabling financial institutions to finance African SMEs focused on sustainable and climate-conscious products and services.