Partners’ Roundtable for the development of the regional financial market in the WAEMU

Nov 24, 2014

The Regional Council for Public Saving and Financial Markets (CREPMF), which regulates and controls the regional financial markets of the West African Monetary Union (WAMU), in collaboration with the Making Finance Work for Africa (MFW4A) Partnership, organised a roundtable of technical and financial partners on the development of the strategic plan of the regional financial markets in the WAEMU.

The roundtable took place at the headquarters of the Regional Stock Exchange (BRVM) and the African Development Bank (AfDB). The main aim of the meeting was to promote a common understanding of the main objectives and priorities of the regional financial market, as outlined in the strategic plan 2014-2021. The objective of the strategy
is turn the regional financial markets into an attractive and secure African financial sector among issuers and investors, and improve its operation. In his welcoming address, the Director of the Financial Sector Development Department and Coordinator of the MFW4A Partnership, Mr Stefan Nalletamby said "The capital market is expected to play an increasingly important role in the financing of the economies of the sub-region." For his part, Mr Jeremias Cruz Pereira, President of the CREPMF, said "The main of objective is to increase the attractiveness of the regional capital market, and its contribution to the financing of the Union economies, as well as strengthen investor protection, and promote it beyond its borders". The roundtable brought together a cross section of industry practitioners, including development partners from the AfDB, The World Bank, the International Finance Corporation (IFC), the International Monetary Fund (IMF), the Islamic Development Bank (IDB), the French Development Agency (AFD) and the Japanese International Cooperation Agency (JICA). The discussions identified the sources of financial and technical assistance for the implementation of the program and outlined possible obstacles to access such assistance.

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