"The State commits 70 billion FCfa in deposit in banks remunerated at zero rate. La
Bceao will allow banks to refinance up to 2.5% per year. This will make an output rate
for this type of cash credit at a maximum of 3.5%.
This loan will have a maturity of six years including a one of the crisis and repay over a period of five years," explained Amadou Hott.
He added that all companies that have a drop in turnover of at least 33% will be eligible and can go directly to their banks.
"What is planned is monthly credits to cover incompressible expenses such as salaries,
rent, bills for three to four months. After that, the company will stay for a year without repaying and at
from the 12th month it will start to repay over five years," he said
During this broadcast, Amadou Hott confided that the amount of the renunciations of taxes on wages
is 15 billion FCfa.
Similarly, the suspension of the payment of VAT will cost the State 15 billion FCfa. All companies,
does it inform, whatever the sector, which have a turnover of less than 100 million FCfa and which are
affected by the Covid 19 pandemic, benefit from a tax deferral.
Regarding the postponements of maturities in banks, the Minister of the Economy stresses that they do not concern
than workers in companies affected by Covid 19 and who receive only 70% of their net salary.
This means, in his opinion, that any worker, for example civil servants who continue to collect
their entire salary cannot claim this facility.