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 (…

Will, estate plan and power of attorney in time of confinement | France

During this pandemic, it is important to ensure his safety, but also to ensure the validity of his will.

We have been in containment for eight weeks now and it is still just as difficult to get used to. People are rightly vulnerable. We feel like we have fallen asleep in one world and wake up in another.
Will, estate plan and power of attorney in time of confinement

This pandemic will certainly have brought forward the subject of estate plans, end-of-life care plans and testamentary plans for many. In fact, death is in the foreground these days, and the different inheritance tools take on their full meaning. Taking the time to finalize a will or ensure that our proxies are adequate is a responsible gesture not only for ourselves, but also for our loved ones.

Right now, with social distancing and the difficulty of accessing services in person, it is true that the preparation of a will and powers of attorney can be more difficult. However, many notaries adapt well and offer excellent service. Indeed, the Chamber of Notaries and lawyers from the Ministry of Justice have worked hard on government decrees in order to quickly adapt to this extraordinary situation.

These decrees relax certain rules in order to allow, for example, the reception of signatures at a distance. It is now possible to sign a will electronically, during a virtual meeting with your notary. This is not mandatory and each notary is free to use this tool or not, but these new measures will certainly reassure some people who wish to write or update their documents during confinement.

Note that these virtual meetings are framed by strict rules, allowing notaries to ascertain the identity of their clients. Notaries can also, if they wish, continue to meet their clients in person, obviously respecting the distances imposed and the implementation of the measures required by the public health authorities.

The events of the past few weeks have certainly been unprecedented for everyone, including the almost 4,000 professional notaries who are also essential services to the population. As with many other industries, this is quite a puzzle, but maintaining legal services and advice during the pandemic is certainly one measure to reduce the anxiety of many.

This crisis has allowed us to put our creativity to work to find solutions and to demonstrate that almost anything is possible. Hopefully some of these new modern and efficient procedures can be permanently put forward later for those who wish!