Mali recently carried out a major financial operation by raising nearly 44 billion CFA francs on the regional financial market of the West African Economic and Monetary Union (WAEMU). This fundraising exceeded initial targets and demonstrates renewed investor confidence in the country’s ability to mobilize resources to finance its development.
A Simultaneous Issuance of Diversified Financial Instruments
The operation involved a simultaneous issuance of several financial instruments, including Treasury Bills (BAT) for the short term and Treasury Bonds (OAT) for the medium term, with maturities ranging from 12 months to 5 years. These securities were very well received, with slightly higher interest rates reflecting investors’ appetite for Malian sovereign debt.
High Coverage Rate and Strong Local Participation
The coverage rate of this auction exceeded 100%, indicating strong demand. Approximately 70% of subscriptions came from Malian investors, highlighting growing interest in domestic financing and mobilizing national savings to support economic development. The remaining funds were contributed by investors from neighboring countries such as Guinea-Bissau, Burkina Faso, Senegal, and Côte d’Ivoire.
A Delicate Economic and Political Context but Maintained Confidence
This success comes despite a political context marked by a military transition in Mali. It reflects market confidence in the resilience of the Malian economy and the economic policies implemented by the authorities. The success of this operation is also a positive signal for macroeconomic stability and fiscal discipline required to maintain this trust.
A Key Step for Financing Development Projects
The funds raised will help finance the state budget as well as high-value structural projects, thereby contributing to the expected economic growth in the region. This operation is part of a regional trend where WAEMU states seek to massively mobilize financial markets to support their development ambitions.
