WaMU countries will soon be on the regional financial market for a third phase of issuance of Covid-19 Bonds, according to an announcement made by the Dakar-based agency UMOA-Titres.

"The mode of operation of these titles remains identical to the previous ones (including their accessibility to the BCEAO Counters with a special device for these titles)," says the institution. The broadcasts will be organized over a period of one month, which will be communicated later.

Supported by the Central Bank of West African States (BCEAO), the Covid voucher initiative announced in April 2020 aims to enable States to mobilize financial resources to enable them to cope with emergencies related to the fight against the disease of the new coronavirus. These are Assimilable Treasury Bonds (BAT) with a maturity of 3 months issued by auction at pre-counted rates less than or equal to 3.75%, and which benefit not only from access to the classic BCEAO counter, but also access to a special Covid refinancing window at 3 months at the fixed key rate of 2.5% over their entire lifetime.

The first phase enabled States to raise nearly 1,200 billion CFA francs between 27 April and 14 May 2020, against 831 billion mobilized under the 2nd wave, from 28 July to 13 August.