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UEMOA financial market: Bamako plans to raise nearly 300 billion FCFA again for the second quarter

26/04/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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Après avoir levé avec succès un montant de 30 milliards de francs CFA (50,2 millions $) sur le marché des titres publics par Adjudication of the West African Economic and Monetary Union (UEMOA), the

Malian government thinks it will do better in the second quarter of the year.

Bamako is facing a lack of external budget support, coupled with the tightening of financing conditions due to the tightening of global monetary policy, which has increased the cost of financing. Thus, the mobilization of a sum of 30 billion CFA francs ($50.2 million) is timely. Since the beginning of the year, the Malian Treasury has mobilized a cumulative total of 157 billion FCFA through the issuance of 18 securities, but repayments have already reached 120 billion FCFA (

interest and principal).

Bamako plans to raise nearly 300 billion FCFA again for the second quarter. Noted that despite the security crisis, Mali's economic growth is expected to reach more than 5% in 2023 and 2024, thanks to solid agricultural and gold production

.
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