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The legal framework for participatory financing in the WAEMU zone

The legal framework for participatory financing in the WAEMU zone

Paperback

General Law

ISBN10: 6208350379
ISBN13: 9786208350376
Publisher: Our Knowledge Publishing
Published: Dec 16 2024
Pages: 72
Weight: 0.26
Height: 0.17 Width: 6.00 Depth: 9.00
Language: English
The rise of participatory financing as an alternative to traditional financing channels, especially for SMEs, has prompted various legislators to establish a legal framework to facilitate access to it. However, UEMOA legislators seem to be standing on the sidelines of this dynamic, depriving economic operators of the opportunity to make use of this mode of financing. The major difficulty with this absence of a legal framework lies in the compatibility of the participative financing mechanism with the classic banking and financial regulations laid down by the OHADA and UMOA legislators. It is with this in mind that this book, through a comparative study with the legislation of the European Union and certain African legislations on the subject, proposes possible solutions to the UEMOA legislator in order to promote the insertion of this new mode of financing in the said area.

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General Law