Umoa-Titres in collaboration with the Central Bank of West African States (BCEAO) is launching a set of new instruments called Recovery Bonds (Odr 2021).

A total of 3768 billion FCFA in Recovery Bonds to finance the economies of UEMOA. As announced, Adrien Diouf, CEO of Umoa-Titres, launched a new initiative on February 15, 2021, which should help UEMOA member states finance their economic recovery programs. Based on the Recovery Office set up by the BCEAO to support the states in the zone, these instruments are structured by Umoa-Titres with the aim of allowing UMOA member states to finance their massive economic recovery plans following the pandemic, the text continues.
“Indeed, Umoa-Titres, whose ambition is to meet the major challenges of the Public Securities Market for increased economic development in the UEMOA zone, intends once again this year to stand alongside the states of the zone, in the numerous challenges to be met, given the needs to revive economic activity affected by the pandemic throughout 2020,” underlines the press release, which gives details on these. new financing instruments at the disposal of the eight UEMOA states.
Throughout 2021, the states in the zone will be able to issue an amount of ODR 3768 billion 2021 eligible for refinancing from the BCEAO at the level of its conventional counters and from a special window called the Recovery window