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 (…

The Constitutional Council validates the offense of breach of confinement

The Constitutional Council validated, Friday, June 26, the criminal offense of violation of containment, created by the law of state of health emergency, an offense denounced as strongly contested but considered sufficiently precise and therefore "in conformity" with the Basic Law.
The Constitutional Council validates the offense of breach of confinement

The Council "judges that the legislator has sufficiently determined the field of the obligation" made to the citizens and "rejects the complaint drawn from the disregard of the principle of legality of the crimes and the penalties", he explains in a press release.

The offense created by article L.3136-1 of the public health code provides that a person fined more than three times for breach of confinement within 30 days is liable to a penalty of six months imprisonment and a fine of 3,750 euros. The "wise men" were seized by the Court of Cassation, which examined in May several priority questions of constitutionality (QPC) concerning this article.

"The legislator has not adopted imprecise provisions"
Before the Constitutional Council, the applicants' lawyers had squeezed out a text adopted in "precipitation", "escalation", responding to a repressive "need for display", which had seriously infringed fundamental rights, including that of an "effective remedy".

The Council judges that "neither the notion of verbalization, which designates the fact of drawing up a report of offense, nor the reference to" travel strictly essential for family and health needs "is imprecise or ambiguous".

In addition, "by retaining as a constitutive element of the offense the fact that the person had been previously verbalized 'on more than three occasions', the legislator did not adopt imprecise provisions".

In particular, underlines the Council, "these provisions do not allow that the same exit, which constitutes a single violation of the prohibition of exit, can be verbalized repeatedly".