The States of the West African Economic and Monetary Union are preparing to seek the market for an amount of 15,000 billion CFA francs in 2026. This unprecedented acceleration of issuances is putting pressure on the regional financial market. Faced with growing budgetary needs, national Treasuries are increasing auctions, while investors, becoming more selective, are demanding higher risk premiums.
Will liquidity be there or will we witness a lasting tension on interest rates? Can the market absorb such a volume without major imbalance?
Analysis and perspectives with Rivo Ratsimandresy, CEO of RDE, and Adama Wade, Publisher of Financial Afrik.
