Umoa-Titres in collaboration with the Central Bank of West African States (Bceao) is launching a set of new instruments called Recovery Bonds (Odr 2021).

A total of 3768 billion FCfa of Recovery Bonds for the financing of WAEMU economies.As announced, Adrien Diouf, CEO of Umoa-Titres launched on February 15, 2021 a new initiative that should help WAEMU member states to finance their economic recovery programs. Relying on the Recovery Window set up by the Bceao to support the States of the zone, these instruments are structured by Umoa-Titres in order to allow the Member States of Umoa to finance their massive economic recovery plans following the pandemic, continues the text.
"Indeed, Umoa-Titres, whose ambition is to meet the important challenges of the Public Securities Market for increased economic development in the WAEMU zone, intends again this year to be at the side of the States of the zone, in the many challenges to be met given the need to revive economic activity affected by the pandemic throughout 2020," said the statement, which gives details of these new financing instruments available to the eight WAEMU states.
Throughout 2021, the States of the zone will be able to issue an amount of 3768 billion ODR 2021 eligible for refinancing with the Bceao at its classic counters and at a special window called the Recovery.