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 (…

Bombardier to recall approximately 11,000 laid-off workers

While the Legault government plans to quickly start a gradual restart of business activities, Bombardier plans to recall, in the coming weeks, nearly 11,000 employees who had been temporarily laid off.
Bombardier to recall approximately 11,000 laid-off workers

The aircraft and train manufacturer announced on Tuesday that its suspended operations will gradually resume as of May 11 - when possible in the Montreal area.

Bombardier also plans to turn to the wage subsidy offered by the Trudeau government for the period from April 12 to June 6. The program allows workers to earn 75% of their regular hourly wages, or a maximum of $ 847 per week.

All employees whose physical presence is not considered essential on the company's sites, however, will continue to perform telework until "new order", said the multinational based in Montreal.

The Legault government said on Tuesday that the stimulus would affect three major business groups.

These are stores that are not in shopping centers or that are in shopping centers but that have a door that opens to the outside, civil engineering construction as well as manufacturing companies.