(Ecofin Agency) - Subscriptions to the new treasury bonds from the Burkina Faso government will start from 10 September, according to an invitation to tender notice published on the website UEMOA-Titres. In total, FCfa 30 billion will be requested for by the country, on the capital market of the West African Monetary Union.

Since the beginning of the year, Burkina Faso has already resorted to this funding mechanism, to mobilise about FCfa 130 billion. Short term loans (repayable over six months), with an average interest rate of 4.5%. Branches of member-countries of the Central Bank of West African States (BCEAO), will receive offers from potential investors.

The country is in semi-transition after the forced departure of ex-president Blaise Compaoré. During their last statutory visit, a delegation from IMF noted that the growth of the Burkinabe GDP should be around 5% in 2015. This is less than previous forecasts of 7%. This situation partly justifies the budget deficit and the importance of issuing bonds.