Since 2017, the African Guarantee and Economic Cooperation Fund (FAGACE) has undertaken a series of reforms to comply with the best standards in terms of governance standards, financial prudential standards and operational standards in order to respond more effectively to the expectations of the financial market. In this dynamic, the Fund participated in the evaluation process of member institutions of the Association of African Development Finance Institutions (AADFI) in accordance with the mechanism known as NDPSE (Standards, Prudential Devices and Evaluation System). This mechanism offers each member structure a platform for comparison with other development financial institutions in the region. Indeed, AADFI is an international organization created under the auspices of the African Development Bank (AfDB) with the aim of promoting economic and social development in Africa through cooperation between banks and financial institutions. It currently has 83 members. In collaboration with the AfDB, AADFI has published NDPSEs for Development Banks and Financial Institutions (DFIs) in Africa. On the occasion of the Forum of Directors General organized by AADFI from 04 to 07 November 2019 at the International Convention Center in Durban in South Africa, the Consultant’s Report to the 9 th Peer Review in accordance with NDPSE has been made public. From the conclusions, it emerges that FAGACE obtained a result of 85% corresponding to the A grade with the Mention Bien which gives it a place in the “Honor Roll of 2019 ratings” of the AADFI. This AADFI rating reflects above all the achievements of the profound transformations observable and in working order within the Fund since 2017. FAGACE today consists of 14 countries of intervention, around fifty partner financial institutions with which the Fund shares the risks linked to the financing of SMEs and strengthens their capacities in the management of their portfolio, a governance model strengthened, operational excellence in accordance with the most demanding prudential standards, but also more than 400 billion in commitments, 294 projects financed thanks to the endorsements granted and more than 2 trillion in credits mobilized for the benefit of the economies of its member states.