UMOA countries will soon be on the regional financial market for a third phase of Covid-19 Voucher issuance, according to an announcement made by the Dakar-based UMOA-Titres agency.
“The mode of operation of these titles remains identical to the previous ones (including their accessibility to the BCEAO counters with a special device for these titles)”, specifies the institution. The broadcasts will be organized over a period of one month, which will be communicated later.
Supported by the Central Bank of West African States (BCEAO), the Covid voucher initiative announced in April 2020 aims to allow States to mobilize financial resources allowing them to face emergencies related to the fight against the disease of the novel coronavirus. These are Bons Assimilables du Trésor (BAT) with a 3-month maturity issued by auction at discounted rates less than or equal to 3.75%, and which not only benefit from access to the traditional BCEAO counter. , but also access to a special Covid 3-month refinancing window at a fixed key rate of 2.5% over their entire lifetime.
The first phase enabled States to raise nearly 1,200 billion FCFA between April 27 and May 14, 2020, against 831 billion mobilized under the second wave, from July 28 to August 13.
