BCEAO releases $ 6 billion for West African economies

The BCEAO has just made a liquidity injection of 3350 billion FCFA ($ 6 billion) at a fixed rate of 2% in favor of several banks of the UMOA. A total of 87 financial institutions participated in the operation. The Central Bank of West African States (BCEAO) made a further injection of liquidity to its member countries last week. In total, 3350 billion FCFA ($ 6 billion) were disbursed by the institution.

During the auction on September 14, 87 banks in the sub-region obtained an injection of liquidity at a fixed rate of 2%. With more than 1000 billion FCFA ($ 1.8 billion), it is the Ivory Coast which obtained the most important financing, ie 31% of the funds injected.

It is followed by Senegal with more than 580 billion FCFA ($ 1 billion), Mali with 466 billion FCFA (835 million $), Benin with 434.5 billion FCFA (777 million $) and Burkina Faso with 318 billion FCFA. ($ 569 million). Niger with 241.6 billion FCFA ($ 432 million), Togo with 219 billion FCFA (…

European countries and companies pledge to reduce plastic waste

Thirteen European countries and dozens of companies pledged on March 6 to use less plastic and to recycle more, a decision that NGOs have deemed positive but which cannot replace government regulations on plastic pollution. The Netherlands, France and Denmark spearheaded the "European Plastics Pact", which has also been signed by a multitude of companies.
European countries and companies pledge to reduce plastic waste

20% less virgin plastics, and 30% recycled plastics in products. Participants commit to making their plastic packaging "reusable if possible and in any case recyclable" by 2025, while increasing the capacity for collecting, sorting and recycling plastics by 25%.

They aim to produce at least 20% less virgin plastic - that is, newly manufactured plastics that do not contain recycled materials - by 2025. Businesses will need to use at least 30% recycled plastics in their products and packaging by 2025.

"If we are to fight climate change, we have to look beyond it, from energy to materials. We need to start treating plastic as the precious raw material it is and keep it out of our oceans, "said Dutch Environment Minister Stientje van Veldhoven.

The NGOs welcomed the commitment, but said that they also expected commitments from governments. "The pact remains completely voluntary and cannot be seen as a replacement for ambitious regulatory measures on single-use plastics and packaging," said Delphine Levi Alvares of Zero Waste Europe.

The EU will ban straws, cutlery and single-use plastic plates by 2021 to prevent them from polluting the environment. On March 11, the bloc will unveil its "circular economy" plan to reduce waste in plastics and construction. Researchers estimate that the world has produced more than 8.3 billion tonnes of virgin plastics. Only 9% of this waste has been recycled, 79% ending up in landfills or in the natural environment, and the rest incinerated.