- BCEAO refinancing falls 18.4%; interbank lending rises 44.5%.
- Stagnant trading exposes sovereign debt risks.
DAKAR, SENEGAL — West African banks have cut central bank borrowing by CFA1.48trn in a year, but stagnant interbank trading raises questions about their financial resilience.
Outstanding refinancing from the Central Bank of West African States (BCEAO) fell 18.4% to CFA6.55trn on 20 October, from CFA8.03trn a year earlier, according to figures published on 23 October.
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