Regulatory Alerts2011-03-02
Decision No. 061-03-2011 on the Eligibility Criteria for Bank Loans Granted to Decentralized Financial Systems in Support of BCEAO Refinancing
The Monetary Policy Committee of the Central Bank of West African States (BCEAO) establishes eligibility criteria for bank loans granted to microfinance institutions to serve as refinancing collateral. To qualify, these loans must be issued to supervised microfinance entities that comply with specific prudential ratios, including capitalization or solvency, liquidity, and lending limitations for directors, staff, and related parties. The decision enters into force on March 2, 2011, thereby standardizing the acceptance of decentralized financial system credits in BCEAO's monetary policy operations.
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