As part of the implementation of the measures taken by the BCEAO on March 21, 2020, with a view to countering
the negative impacts of the Covid-19 pandemic on the banking system and ensure the financing of
economic activity in the Union, the Central Bank has decided to organize, as of March 27, 2020, the
auctions on its tender counters at the fixed rate of 2.50%, its lowest intervention rate.
This operation aims to provide banks with the necessary resources at a lower cost, with a view to strengthening
their liquidity and allow them to maintain and increase credits to the economy, at lower rates,
particularly in favor of companies and member states of WAEMU.
Banks are therefore expected to pass on this fall in the cost of their resources to the rates
interest rate on customer loans, particularly in the context of the restructuring of loans to
resident companies affected by the pandemic and which are encountering difficulties in ensuring the payment of
their deadlines.
The Central Bank reaffirms its determination to take any other measures that prove
necessary, as part of its mission, to counter the harmful effects of the Covid-19 pandemic on
the economies of the Union.