An awareness campaign will be initiated by the Central Bank of West African States (BCEAO) and the International Finance Corporation (IFC), a subsidiary of the World Bank group, to facilitate better knowledge of the services offered by, the Credit Information Office (in English Creditinfo west africa).
Designed since 2013 for the 8 countries of the West African Economic and Monetary Union (UEMOA), the International Credit Bureau (BIC) will be explained to consumers to businesses in this monetary zone.
For Bceao, taking charge of your finances is the first step towards financial well-being and having a good credit rating, allows you to negotiate better loan conditions with the bank and thus obtain more affordable and accessible loans. .
According to the IFC, a strong credit information system within WAEMU will make it easier for financial institutions to manage risks and make decisions to support businesses and entrepreneurs.