the Treasury seeks nearly $ 179 million in the bond market

The public treasury of Côte d'Ivoire has launched from Monday, July 16 and until July 26, a public offering of an amount of 100 billion Fcfa, or nearly 179 million dollars. The eight-year bond, covering the period 2018-2026, should be used to finance the investments planned by the State budget for the year 2018.

"The subscription period , for a period of 10 days, may be shortened, extended or moved at the discretion of the issuer, after consultation with the Regional Council for Public Savings and Financial Markets (CREPMF). (…) The issue price of the bond, 10,000 FCFA, will be payable in one go on the date of subscription at the counters of the Management Companies and Intermediation (SGI) of UEMOA, treasuries and ACCD agencies on the national territory ", according to an information note from the Ivorian public treasury.

Repayment of the loan under the name of " Trésor Public TPCI 6,00%, 2018 – 2026 " is scheduled constant annual capital depreciation with two years deferred. The amounts raised, should help accelerate the achievement of a set of pre-established targets in the framework of the National Development Plan (PND), to halve the rate of poverty and make Côte d'Ivoire an emerging country By the year 2020.

From the beginning of the year 2018, the General Directorate of Treasury and Public Accounting defined its policies, its roadmap, its priorities in an information note, consulted by The Tribune Afrique.

" In a situation of exposure of the national economy to particularly exogenous shocks and, in view of the growing importance of the question of the domestic resources in the reflection on the financing of development, I decided to place the year 2018 under the seal of the optimization of domestic resources ", said Assahoré Konan Jacques, Director General of Treasury and Public Accounting, in the 2018 guidance note, published on December 19, 2017.

The theme "domestic resource optimization" was broken down into 5 points namely: Strengthening the mobilization of tax revenues, l improvement of non-tax revenue collection, optimization of local authority resources, optimization of the resources of national public institutions and increased mobilization of private savings.