Regulatory Alerts2017-09-25
BCEAO Instruction 006-09/2017 on Refinancing Admissibility Rules for Credit Institutions' Claims on SMEs under the Regional Financing Support Scheme
The Central Bank of West African States (BCEAO) issued Instruction 006-09/2017 to establish refinancing admissibility rules for credit institutions' claims on enterprises eligible under the SME Financing Support Scheme. The instruction defines eligibility criteria, including autonomous status and turnover limits up to 1 billion FCFA, classifies enterprises into micro, small, and medium categories, and mandates certified or professionally prepared financial statements. It further specifies acceptable instruments, solvency ratios, reporting obligations, and exemptions from total outstanding limits to facilitate SME access to refinancing.
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