the virus, the government implemented a relatively Relative to the most affected countries, the spread of the stringent set of policies to COVID-19 virus in Benin was minimal. [...] Monetary policy The West African Economic and Monetary Union has taken pre-emptive steps to meet the demand for liquidity in the banking sector and to mitigate the negative impact of the pandemic on the economy. [...] Twenty-five government has committed per cent of the guarantee is in the form of a ‘cash pledge’ with the bank issuing the credit at a rate not exceeding the to guarantee up to 50% BCEAO marginal rate – currently 2% per year over the life of of the amount of credit the credit. [...] The first is based on a requirement for monthly reporting on the use of credits, and the second is based on the periodic organisation of joint monitoring missions conducted by the National Microfinance Fund and the National Supervisory Agency to verify the use of resources. [...] Conclusion and policy recommendations In this document we outlined the response to the government and the BCEAO to the response to the COVID-19 pandemic.
- Pages
- 17
- Published in
- South Africa
