Covid-19: the Private sector in WAEMU gets XOF100 billion more to cope, as the pandemic persists

Economic governance
Friday, 26 June 2020 11:34
Covid-19: the Private sector in WAEMU gets XOF100 billion more to cope, as the pandemic persists

(Togo First) - The BOAD announced the launch of a program to refinance lending institutions in the WAEMU with XOF100 billion. The move was approved by the institution’s board of directors during its 117th meeting last Wednesday. 

“The funds will help the private sector, especially micro, small, and medium enterprises (MSMEs) meet their needs for liquidity inherent to Covid-19, resume their activities in the short term, and in the medium term make productive investments to consolidate or optimize their tools.”

The new program launched by the BOAD adds up to various measures it recently announced to support States. In parallel, the BCEAO has adopted different measures to benefit credit institutions. 

Séna Akoda

 
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