### Mobilization of resources within UEMOA: Analysis and perspectives
On April 30, 2025, the West African Economic and Monetary Union (UEMOA) announced an impressive collection of 4751.95 billion FCFA (or about 8.14 billion USD) in its public securities markets. This spectacular increase of 96 % compared to the previous year illustrates an economic dynamic which deserves to be deciphered in its causes, its implications and its issues.
#### A remarkable progression of the assimilable obligations
The strong mobilization of resources seems to be mainly supplied by the assimilable bonds of the Treasury (OAT), which experienced a jum of 172.86 % to reach 2122.07 billion FCFA. This phenomenon indicates an increasing preference of the Member States for medium and long -term financing instruments, which could testify to a desire to invest in structuring projects promoting economic sustainability.
In contrast, good assimilable treasury (BAT), although representing a volume greater than 2629.88 billion FCFA, only increased by 59.77 %. This raises questions about the type of projects that governments plan to finance short and long -term. What types of development are anticipated through this reform in the structure of loans? Will these choices have positive consequences on long-term economic stability?
### Refunding and proactive debt management
In addition to this collection, the total reimbursement on the primary market for public securities reached 2493.07 billion FCFA, displaying a significant increase of 225.76 % compared to the previous year. This dynamic is a significant indicator of the proactive management of public debt within the UEMOA zone. But this situation raises questions about the sustainability of this debt, which is now 19,343.7 billion FCFA, up 4.94 %.
In a context where states are trying to revitalize their savings after crisis repercussions, including the COVVI-19 pandemic, it is crucial to wonder if this financing approach is not likely to generate excessive debt. Should investments be accompanied by financial sanitation measures to ensure that these debt increases do not become suffocating?
#### a regional balance between states
The countries that have contributed the most to this dynamic, namely Côte d’Ivoire, Senegal and Burkina Faso, concentrate more than 70 % of titles emissions. This illustrates not only their economic weight, but also the challenges that can cause such a concentration. Too much dependence on a few states could weaken the Union, especially if one of them encountered economic difficulties. It would be relevant to reflect on strategies aimed at diversifying investments and strengthening the commitment of less active countries in the issue of titles.
#### to a balanced future
The evolution of the public securities market within the UEMOA is an encouraging indicator which reflects a will of the States to take their destiny in hand. However, this dynamic deserves to be accompanied by attentive follow -up and an in -depth reflection on the use of funds thus mobilized. The question of transparency in the management of public resources also arises.
It would be beneficial for member states to set up mechanisms for assessing projects funded by these loans, in order to guarantee that they meet the needs of populations and promote united growth. In the end, a successful mobilization of resources should not be measured only in terms of amounts collected, but also in which these funds are used to stimulate sustainable and inclusive development.
During this pivotal period, these reflections paved the way for an essential debate on the evolution of financing models and the governance of public resources, which remain at the heart of the development of UEMOA.