Despite a macroeconomic context characterized by a slow and uneven recovery across different regions of the world, influenced by both exogenous and endogenous shocks, in 2023, stock markets experienced an overall positive year thanks to a combination of several factors:

The Regional Stock Exchange (BRVM), established as a public limited company on December 18, 1996, began its operations on September 18, 1998. The essential missions of the BRVM are the organization of the stock market, the dissemination of stock market information, and the promotion of the market.

Several legal and regulatory texts govern foreign exchange activities in the West African Economic and Monetary Union (UEMOA), primarily Regulation No. 09/2010/CM/UEMOA of October 1, 2010, concerning the External Financial Relations of the member states of the West African Economic and Monetary Union (UEMOA).

These texts specifically cover:

• currency intermediation and transfer operations;
• current payments with foreign countries;
• capital operations.

• Increase in activity volume indicators both in terms of collected savings and granted loans.

   

  Comparative evolution of deposits and loans (in billions of FCFA)

The legal and regulatory framework applicable to Decentralized Financial Systems (SFD) consists of national and supranational texts, the main ones being:

At the national level

• Law No. 96-562 of July 22, 1996, regulating mutual or cooperative savings and credit institutions, amended by Ordinance No. 2011-367 of November 3, 2011, regulating decentralized financial systems;
• Decree No. 2014-20 of January 22, 2014, implementing Ordinance No. 2011-367 of November 3, 2011, regulating decentralized financial systems.

Financial inclusion is generally defined as the provision of financial services tailored to populations excluded from the traditional financial system, under sustainable conditions for both providers, who are legally recognized, and beneficiaries. In the West African Economic and Monetary Union (UEMOA), it is equated with "the permanent access of populations to a diverse range of adapted financial products and services, at affordable costs, and used effectively, efficiently, and responsibly."

• The insurance market in Côte d'Ivoire is experiencing significant growth. The revenue, which has been steadily increasing, reached 526.035 billion FCFA in 2022. This revenue was 359.56 billion FCFA in 2018.
• The claims, benefits, and provisions are also following the same upward trend.

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