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Management of EDM-SA's bank debt: signing of an agreement in Mali

12/03/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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On 7 March, a memorandum of understanding was signed in Mali on the management of Edem-SA's bank debt.

The memorandum of understanding to restructure Edm-sa's bank debt, which amounts to 261 billion FCFA, was signed between the Minister of Economy and Finance Alousseni Sanou, the Minister of Energy and Water, the Minister of Energy and Water, Ms. Bintou Camara, the Director General of the Société Énergie du Mali “Edm-sa” Abdoulaye Djibril Diallo, the President of the Professional Association of Banks and Financial Institutions of Mali (Apbef-Mali) Ms. Sidibé Aissata Koné and the members of the banking pool “Opération-EDM-SA”. It consists in combining the repayment period of said debt over a period of 10 years at a rate close to the marginal window rate of the BCEAO, with a deferred payment of a period of one year. This will allow Edm-SA to improve its cash flow and to face the difficulties it is experiencing, in particular the supply of hydrocarbon power plants in order to alleviate the suffering of

populations.

Banks will be asked to contribute more effectively to the development of the private sector and to clean up their portfolios.

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