{"id":3871,"date":"2024-10-03T14:18:04","date_gmt":"2024-10-03T14:18:04","guid":{"rendered":"https:\/\/lepoint-actu.tg\/?p=3871"},"modified":"2024-10-04T14:26:05","modified_gmt":"2024-10-04T14:26:05","slug":"umoa-marche-obligataire-dedie-aux-pme","status":"publish","type":"post","link":"https:\/\/lepoint-actu.tg\/index.php\/2024\/10\/03\/umoa-marche-obligataire-dedie-aux-pme\/","title":{"rendered":"UMOA : March\u00e9 obligataire d\u00e9di\u00e9 aux PME"},"content":{"rendered":"\n


L\u2019Union Mon\u00e9taire Ouest-Africaine (UMOA), qui r\u00e9unit huit pays ouest-africains ayant en commun le FCFA, dont le Togo, pourrait bient\u00f4t voir la cr\u00e9ation d\u2019un march\u00e9 obligataire sp\u00e9cifiquement d\u00e9di\u00e9 aux Petites et Moyennes Entreprises (PME). Cette initiative, \u00e0 la phase d’\u00e9tude de faisabilit\u00e9 depuis le 1er octobre 2024, est pilot\u00e9e par l\u2019Autorit\u00e9 des March\u00e9s Financiers de l\u2019UMOA (AMF-UMOA) avec le soutien du gouvernement espagnol. L\u2019objectif est de fournir aux PME, pilier central des \u00e9conomies de la zone, un acc\u00e8s compl\u00e9mentaire au financement, en dehors des pr\u00eats bancaires traditionnels.
\u00ab La cr\u00e9ation d\u2019un march\u00e9 obligataire d\u00e9di\u00e9 aux PME se pr\u00e9sente comme une alternative cr\u00e9dible pour soutenir leur d\u00e9veloppement \u00bb, a expliqu\u00e9 le Togolais Badanam Patoki, pr\u00e9sident de l\u2019AMF-UMOA.
En effet, l’acc\u00e8s limit\u00e9 aux financements reste l’un des principaux obstacles \u00e0 la croissance de ces entreprises, souvent confront\u00e9es aux conditions restrictives des banques commerciales.
Ceci \u00e9tant, le projet est accueilli avec prudence par certains acteurs financiers, explique l\u2019Agence Ecofin. En effet, si des experts comme Maxime Lokossi, consultant en m\u00e9sofinance, estiment que ce march\u00e9 pourrait offrir un potentiel de croissance significatif pour les PME de l’UMOA, d’autres, comme Clive Wykes, consultant en gestion bancaire, s\u2019interrogent sur l\u2019attractivit\u00e9 r\u00e9elle d\u2019un tel march\u00e9. \u00ab Les banques, ayant d\u00e9j\u00e0 la capacit\u00e9 d\u2019offrir des financements \u00e0 long terme, pourraient ne pas \u00eatre des investisseurs agressifs sur ce march\u00e9 obligataire \u00bb, souligne-t-il, pointant un manque d\u2019int\u00e9r\u00eat historique des banques pour des financements fixes et \u00e0 long terme pour les PME.
Ce nouveau march\u00e9 pourrait n\u00e9anmoins constituer une diversification int\u00e9ressante des sources de financement pour les PME de la r\u00e9gion UMOA, \u00e0 condition que les acteurs r\u00e9ussissent \u00e0 structurer une offre adapt\u00e9e aux besoins et r\u00e9alit\u00e9s locales.<\/p>\n","protected":false},"excerpt":{"rendered":"

L\u2019Union Mon\u00e9taire Ouest-Africaine (UMOA), qui r\u00e9unit huit pays ouest-africains ayant en commun le FCFA, dont le Togo, pourrait bient\u00f4t voir<\/p>\n","protected":false},"author":2,"featured_media":3872,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-societe"],"yoast_head":"\nUMOA : March\u00e9 obligataire d\u00e9di\u00e9 aux PME -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lepoint-actu.tg\/index.php\/2024\/10\/03\/umoa-marche-obligataire-dedie-aux-pme\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UMOA : March\u00e9 obligataire 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