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Financing integration in Central Africa: BDEAC raises more than 115 billion FCFA

08/12/2021
Categories: Economy/Forex

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At the end of its bond loan operation, the Development Bank of Central African States (BDEAC) mobilized 115 billion CFA francs (FCFA, approximately 197.3 million US dollars), against 100 billion initially sought.

The President of BDEAC, Fortunato Ofa Mbo Nchama, announced on Tuesday the results of the Bond Loan launched by his institution on the financial market of the sub-region. This bond issue is part of the second fundraising operation initiated by BDEAC with the support of a consortium of banks. The funds collected, said Mbo Nchama, will be used to finance integration projects in the Central African region, both in the public and private sectors. According to him, despite the difficult financial situation marked by the dual financial and health crisis, the stakes of banking and financial institutions were estimated to have increased by 16% compared to 2020.

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