“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

UEMOA: Total exports of goods estimated at 17,984.4 billion in 2019

Total exports of goods by value of the WAEMU countries stood at 17,984.4 billion in 2019, up 10.6% from the level recorded a year earlier. This emerges from the Bceao report on the Union's foreign trade in 2019 according to which this development is mainly attributable to the increase in sales of gold (+ 13.5%), cocoa (+ 14.7%), petroleum products (+ 25.3%) and rubber (+ 22.7%). 

UEMOA: Total exports of goods estimated at 17,984.4 billion in 2019
The Central Bank informs in the wake that exports of goods remain dominated by gold (23.4%) and cocoa (16.2%), followed by petroleum products (10.3%), cotton (5, 8%) and cashew (4.0%). The Union's services exports came out, according to the document, at 3.3% of GDP in 2019, a decline of 0.2 point of GDP compared to their level in 2018. 

In addition, the report continues, their relative weight in the Union's total exports stood at 13.9% in 2019 against 14.9% in 2018, a decrease of 1 percentage point.

Analysis of the export diversification indicator does not show any improvement for the Union in 2019, notes Bceao. Who finally confides that it also emerges that Senegal and Togo are the two countries with the least unbalanced export structure while Guinea Bissau is the country with the least diversified exports.