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 (…

Border reopening: the European Union "can do better", concedes the Secretary of State for Tourism

The European Union "can do better" to find a common policy of reopening the post-containment borders, recognized Jean-Baptiste Lemoyne, the Secretary of State for Tourism, Saturday May 16 on France Inter. Spain has imposed since Friday May 15 a systematic quarantine of people arriving from abroad, France threatens to take the same measure in response. In addition, Italy announced the reopening of its borders to visitors from the European Union on June 3.

Border reopening: the European Union "can do better", concedes the Secretary of State for Tourism

I understand that our Italian neighbors want to restart the tourism economy with the European engine, but we are still at a time when we are killing several dozen dead every night. said by Jean-Baptiste Lemoyne, Secretary of State for Tourism at France Inter

"We must not forget, we are still in the time of the struggle to roll back the epidemic, recalls Jean-Baptiste Lemoyne. The virus does not take a vacation", he insisted.

The reopening of the borders "must be concerted at European level", estimates Jean-Baptiste Lemoyne, who announces a meeting next Tuesday "between all the ministers of Tourism of the European Union, to put all the subjects on the table".

"Nothing would be worse than a relapse"

Regarding the French calendar, "it is the health situation that will control decisions". "There are decisions that will be taken around May 25-28 in order to see what are the terms of the tourist activities that we reopen more widely from June 2". "Then, we will have another meeting 20 days later, between June 15 and 20 which will allow yet another adaptation," he said.

"Each time, we want to have the hindsight of how these phases of deconfinement go, because nothing would be worse than a relapse, than a second wave for the actors of tourism, warns Jean-Baptiste Lemoyne. If these people- there are preparing to finally find their beaks in the water because we are forced to back down, they will have incurred costs again, they do not need that right now. That explains our caution. "