Capital Markets News
The fund will be used to finance new projects in member nations.
The debut Islamic bonds will enhance participative banking in Morocco
The WBI was launched on December 14th.
It said countries with rapidly depreciating currencies will be hit by the impact of a US interest rate rise.
It was made possible by the BRVM's growth in capital and liquidity.
An amount of 42 billion dinars was allocated to this end.
The country's state-owned banks will soon list on the local stock exchange.
The African nation is looking to diversify and industrialise its economy.
It received this award at the 9th Forum on Investment in New York.
They signed an agreement that supports the continuous development of financial products.