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 (…

Effects of containment: Moroccans consume more at all levels

Water, electricity, basic necessities. Consumption without moderation. Shopping is going up like never before. During confinement, consumption registers inconsiderate peaks. All-day use of household appliances and other electronic gadgets has resulted in a substantial increase in electricity consumption. That of water too, of course. In the absence of recent statistics on the extent of this consumption, a source internal to Lydec confirms this increase, which is, after all, normal, and tells us that the agents in the field are the only ones at the moment to have the actual levels of this water and electricity consumption.
Moroccans consume more at all levels

Recall that Lydec, a water and electricity distributor in Greater Casablanca, had made as the one and only proposal during this period of state of health emergency the freezing of the suspension of its services for non-payment of invoices. An insufficient measure for the Casablancans, who expected a more significant civic gesture in favor of the poorest households. That said, containment encourages overconsumption at all levels. In addition to water and electricity, Moroccans have rushed to supermarkets to get excess supplies.

An unwarranted rush since the authorities had assured that Morocco has a largely sufficient stock of food products that could cover several months. Despite government assurances, Moroccans still fear running out of food during these times of confinement where snacking day and night has become a habit for everyone. This panic increases logically with the approach of the month of Ramadan, considered to be the month of high consumption par excellence. This psychosis then seems to have taken a notch up among citizens since the influx on shops and purchasing volumes were far above normal. Busy by Moroccans, stores are always full. This is how their turnover continues to achieve absolute daily records compared to normal times.

Faced with this situation of panic, the authorities are increasing media outlets to reassure Moroccans and say that the departments concerned are mobilized to ensure regular monitoring of the situation on the markets and distribution channels, while recalling the establishment of a strategic watch committee which meets every two days to assess the situation and intervene if necessary in order to guarantee the stability of supply on the national market and avoid any possible malfunctions.