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Find all the economic and financial information on our Orishas Direct application to download on Play StoreOn October 27 and 28, Abidjan hosted the international conference on the integration of West African capital markets. In his speech, the President of the Regional Council for Public Savings and Financial Markets, Mamadou Ndiaye praised the contribution of financial markets in infrastructure. “As you will have noticed, our authorities have placed the financing of infrastructures as the path to the emergence of our States. As such, it is at the heart of their National Development Programs. To this end, the use of financial markets appears not only as a solution but clearly obvious. For proof, with regard to the financial market of Umoa, 37% of the resources mobilized, were used to finance the infrastructures”, declared Mr. Ndiaye. “The contribution of the capital markets no longer needs to be demonstrated but should constitute, I dare to hope, an amplifying effect with this expected integration for more sustainable economic growth,” he added. Also, the evolution of socio-economic realities and the risks related to the financial system call for finding more effective alternatives for the diversification of financing instruments in order to achieve and maintain healthier and more sustainable economic growth. “With this in mind, I want to welcome and encourage the use of Islamic finance instruments, as well as green, social and sustainable bonds which are innovative and have high stakes for infrastructure financing,” added the president of Crepmf. For example, he continues, products such as Sukuks have shown their performance in the alternative financing of infrastructure in West Africa. States such as Senegal, Côte d'Ivoire, Togo and Mali have recently appealed to our area.
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