By December 31, the CRRH-UEMOA and its partners would disburse CFA224 billion of housing loans

Economic governance
Wednesday, 19 December 2018 18:56
By December 31, the CRRH-UEMOA and its partners would disburse CFA224 billion of housing loans

(Togo First) - By December 31, 2018, WAEMU’s regional fund for mortgage refinancing (CRRH-UEMOA), would disburse CFA224 billion of housing loans, in line with its mission to improve access to housing across the sub-region.

This was disclosed by the institution’s regional head, Christian Agossa, during a two-day workshop recently held in Lomé. The workshop focused on asset/liability management and on management of housing loans portfolios.

In detail, the regional fund raised CFA165 billion on the regional financial market through eight bond issuances.

It disbursed in 2017 CFA12 billion and 26 billion in 2018 as concessional funds. Also, CFA14.636 billion was mobilized for technical support and CFA5.854 billion as financial resources for the CRRH-UEMOA and its partners.

The institution’s refinancing model relies on concessional funds and market capitals. Its goal in the long term is to expand its activities, efficiently.

Séna Akoda

 
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