The President of the Transition, Head of State, Captain Ibrahim TRAORE, discussed this morning with a delegation from the Professional Association of Banks and Financial Institutions of Burkina (APBEF-B), led by its first official, Diakarya OUATTARA .
This exchange and consultation meeting, desired by the Head of State, aimed to invite banks and financial institutions to fully play their role in financing small and medium-sized enterprises run by young people and women. “They need financing but the problem of collateral arises. I hope that we can think together to find a formula, in particular the establishment of a guarantee fund at government level to allow sound financing of these projects,” said Captain Ibrahim TRAORE.
The APBEF-BF, which welcomed this approach by Captain Ibrahim TRAORE, expressed its gratitude for the interest shown in their sector and took the opportunity to explain to him the difficulties of the banking sector. These include, among other things, the problem of supplying certain branches and ATMs, the suspension of contracts for infrastructure works financed by banks, the payment of the domestic debt, the crisis liquidity, the impact of the difficult socio-economic context on the activities of the banking system.
To these concerns, the President of the Transition has promised to provide solutions, through the improvement of mobility and supply within the country. The Head of State also hailed the resilience of banks and financial institutions and invited them to make more sacrifices to support development actions.
APBEF-B, satisfied with this first meeting, is committed to supporting the government in the implementation of the Action Plan for Stabilization and Development. The banking system congratulated the Head of State for all the actions to secure our country and reiterated its availability to support the actions of the State for the return of peace
Source: Burkina Information Agency