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 (…

Associations call for the opening of the RSA to those under 25

According to them, the exceptional measures announced by the government for 800,000 young people, students or precarious people "leave on the side of the road a whole part of the youth most affected by poverty".
 
Associations call for the opening of the RSA to those under 25

They are calling for an increase in active solidarity income (RSA) in the face of the economic shock caused by the coronavirus epidemic. In a column published in Le Journal du dimanche (paying article) dated May 10, associative representatives plead for the opening of the RSA to young people from 18 years old. Among them, Véronique Fayet (Catholic Relief), Florent Gueguen (Federation of Solidarity Actors), Claire Hédon (ATD Fourth World) as well as two LREM deputies Fiona Lazaar (National Council for Poverty Reduction Policies) and Aurélien Taché ( National Housing Council).

20% of young people live below the poverty line

The exceptional measures announced by the Prime Minister for 800,000 young people, students or precarious workers "leave on the side of the road a part of the youth most affected by poverty: young people on the street, those living in squats or in shelters with third parties, in an emergency accommodation center, in a hotel or even in families with modest incomes ", write the signatories.




Before the crisis, they were doing odd jobs, temporary work. Others received small revenues through digital platforms. The most precarious depended on begging or the economy of the resourcefulness, which is now at a standstill.

Before the age of 25, these young people are not eligible for social assistance. "This scandal is nothing short-term: today, in France, one in five young people lives below the poverty line," insist the signatories. According to them, "the looming recession will directly and permanently affect young people, especially the least qualified among them". They recall that between 2008 and 2010, "the number of young people looking for a job had increased by 72%".