CREPMF develops a strategic plan to enhance the attractiveness of the WAMU market

Jul 25, 2013

The Regional Council for Public Savings and Financial Markets (CREPMF), which regulates and controls the regional financial market of the West African Monetary Union (WAMU) has undertaken the development of a strategic plan covering the period 2014 - 2021.

The Regional Council for Public Savings and Financial Markets (CREPMF), which regulates and controls the regional financial market of the West African Monetary Union (WAMU) has undertaken the development of a strategic plan covering the period 2014 - 2021.

The objective is to turn the regional financial market into an attractive and secure African financial centre for the sustainable funding of economies.

CREPMF has identified four priorities set by the parties involved, including increasing the attractiveness of the regional financial market and its contribution to the financing of the Union economies,
as well as
strengthening investor protection, monitoring trading and control of the market to prevent abuse and systemic risks.

The plan also aims at enhancing the regional and international institutional anchoring of the regional financial market and improving operations for all market players, said CREPMF in a statement.

The fourth priority is to promote regional financial
markets
in the Union and strengthen inter-African and international cooperation.

Regional financial integration
offers many benefits for the region.
It can increase competition and innovation, reduce inefficiencies in lending thanks to a wider pool of bankable projects and expand opportunities for risk diversification.

It can also help improve supervision and regulatory bodies while protecting central banks against domestic excess.