Promotion of financial inclusion: A vector of effective struggle against poverty within the WAEMU


In order to fight against poverty in the Union area economic and monetary West African (UEMOA), to improve access, the use and the quality of financial services offered to populations; the authorities of the area have identified their priorities promoting financial inclusion of people in the States. It is in this context that the Central Bank of the States of the of West Africa (BCEAO) has undertaken work to develop a document setting policy and regional strategy of financial inclusion which the framework document was presented Thursday, September 29, 2016 at the premises of the Bamako BCEAO led by Youssouf Bréhima Coulibaly, the Advisor of the national Director of the BCEAO, and before an audience of players of the sector.

Enlargement of the access of populations to financial services is a major concern for the authorities of the UEMOA by what it represents represents an important socio-economic development and poverty reduction means it is by this hopeful note that Youssouf Bréhima Coulibaly Advisor of the National Director of the BCEAO began his remarks, adding that it is this perspective as the BCEAO like other emerging country Central Bank and developing work is underway to develop a financial inclusion strategy across the UEMOA.

"This initiative stems from the need to put together all of the actions conducted by the BCEAO and the Member States of the Union economic and monetary West African (UEMOA) for promoting financial inclusion in the box," says Youssouf Bréhima Coulibaly. He did know that the framework document is a roadmap that is designed to pave the way for a shared vision of financial inclusion in UEMOA and set priorities for the promotion and the access of populations to financial services over the next five (5) years.

The Advisor to the national Director of BCEAO noted that the framework document also focuses on the strategies to improve access, use and quality of financial services to the target population of the UEMOA, notably those living in rural areas and people with low financial education women, young people and SMEs. He said that the document was developed in consultation with all the actors of the Union affected by this issue, the successive validation sessions at the national level in Bamako and Dakar subregional attests, he adds.

"This meeting of deployment the last step in the implementation of the regional strategy for financial inclusion and the device of monitoring and evaluation of the implementation of this strategy includes establishing a national follow-up Committee in each country member of the union and a regional Steering Committee". As Adama Camara, the president of the Professional Association of systems financial decentralized, he welcomed the new initiative of the UEMOA which, according to him, will be a driving force for economic recovery in the Member States.

Moussa Samba Diallo



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