Regulatory Alerts2021-02-01
Refinancing of Recovery Bonds Issued by UEMOA Member States
The Central Bank of West African States (BCEAO) issued Notice No. 002-01-2021 to establish a special refinancing window for recovery bonds issued by UEMOA member states in 2021. The notice enables commercial banks to access funding through this window for six months at the minimum bid rate set in BCEAO auctions. This mechanism provides member states with more flexible financial conditions to accelerate regional economic recovery following the COVID-19 pandemic.
Share