Economy & Politics

Senegal: bankers strongly commit to Force Covid-19 fund

Bocar Sy, president of the APBEFS, presenting a first check for 1 billion CFA Francs to Abdoulaye Daouda Diallo, Minister of Finance and Budget.

The Professional Association of Banks and Financial Institutions of Senegal (APBEFS) has committed up to 2 billion CFA francs for the Force Covid-19 fund. In this context, a first check for 1 billion CFA francs was given in the afternoon of April 2, 2020 to Abdoulaye Daouda Diallo, Minister of Finance and Budget by the president of APBEPS, Bocar Sy, also Director. General of the Housing Bank of Senegal (BHS).

The banking association will not stop there, it will help its customers affected by the pandemic born from the coronavirus health crisis (Covid-19) to pass the course and revive. From reliable sources, we have learned that the bankers will meet tomorrow with the Minister of Economy, Planning and Cooperation, Amadou Hott, to think about setting up a loan stimulus fund of 200 billion FCFA for the disaster sectors.

The APBEFS was created in 1965 in accordance with Law No. 90.06 of June 26, 1990 on banking regulations, reviewed July 28, 2008 under Law 2008-26 in its article 55. The members are banks and financial institutions established in the Republic of Senegal and registered on the lists of banks and financial establishments kept by the WAMU Banking Commission.

Financial Afrik Publishing Director. In the African economic press for 17 years, Adama Wade has worked in Morocco in several editorial offices. Captain in the Long Course of the Merchant Navy and holder of a Masters in Organizational Communication, Adama Wade published an essay, “The Myth of Tarzan”, which describes the geopolitical complex of Africa.

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