The outstanding domestic claims of the West African Economic and Monetary Union (UEMOA) depository institutions increased by CFAF 2,585.7 billion (or € 3.878 billion) at the end of December 2018 compared to its level at the end of December. 2017, according to data from the Central Bank of West African States (BCEAO).
This outstanding amount stood at CFAF 30,023.8 billion during the period under review against CFAF 27,438.1 billion at the end of December 2018, an increase of 9.4%. “This development is driven by the combined effect of the consolidation of net claims on the Central Public Administration (APUC) and credits to other sectors of the economies of the Union,” says the BCEAO.
Net claims of monetary institutions on the Central Public Administration amounted to 7,960.8 billion FCFA at the end of December 2018, an increase of 684.0 billion FCFA compared to their level at the end of December 2017. following the increase in State debts to banks (890.8 billion). Over the same period, a year earlier, the Central Bank pointed out that the banks’ net claims on the states had increased by 949.1 billion FCFA.
Concerning the assistance of institutions of deposit to the economy, they increased, at the end of the year 2018, of 1.901,7 billion FCFA, to settle at 22,063 billion FCFA at the end of December 2018, after 20,161, 2 billion FCFA at the end of December 2017.
In Benin, outstanding loans to the economy increased by CFAF 253.0 billion to CFAF 1,584.0 billion. In Burkina, these same loans increased by CFAF 295.9 billion to CFAF 2,666.1 billion against CFAF 2,370.2 billion in 2017.
In Côte d’Ivoire, the level of assistance from deposit-taking institutions to the economy has increased by CFAF 708.7 billion to CFAF 7,018.3 billion, compared to CFAF 6,309.6 billion in 2017.
The receivables of the deposit institutions of Guinea-Bissau on other resident sectors also increased (+ 2.6%), standing at CFAF 103 billion at the end of December 2018.
For Mali, however, lending to the economy fell slightly by 0.1%, from CFAF 2.560 billion in 2017 to CFAF 2.557 billion a year later.
In Niger, these claims also contracted 4.5%, standing at 851 billion FCFA in 2018.
As for Senegal, outstanding receivables from resident sectors other than the Central Administration increased by CFAF 66 billion, standing at CFAF 4,275 billion at the end of December 2018, after CFAF 4,209.1 billion at the end of December 2017.
In Togo, assistance to the economy increased by 48.8 billion to stand at CFAF 1,225.7 billion.
