To strengthen the competitiveness of its capital market, the UEMOA region is taking a decisive step with the launch, on Thursday, June 11 in Abidjan, of the “UEMOA Chapter”. The initiative is led by the International Finance Corporation (IFC), Paris Europlace, and the Regional Stock Exchange (BRVM). The program aims to build a network of experts capable of supporting the development of capital markets in the region.
According to Josiane Kwenda, Country Manager of the IFC, the objective is to propose solutions to improve the liquidity of local markets and support the financing of the regional economy.
For Dr. Edoh Kossi Amenounve, CEO of the BRVM, enhancing the skills of sector actors and developing financial education are necessary to better mobilize domestic savings.
The program is based on a first cohort of around thirty alumni from the IFC Paris-Dauphine Executive Master program. This curriculum is part of the “IFC-Europlace-Dauphine Capital Markets” program, designed to support regulators, professionals, and exchanges in their skills development.
Financial inclusion is also among the priorities. The President of the UEMOA Financial Markets Authority, Kossi Tenou, emphasized the need to strengthen best practices and stock market culture. In this perspective, digitalization is presented as a lever to expand access to financial products and better channel savings towards national economic financing.
