{"id":1211,"date":"2023-04-25T19:53:44","date_gmt":"2023-04-25T19:53:44","guid":{"rendered":"https:\/\/www.fgd-umoa.org\/about\/presentation\/"},"modified":"2023-05-29T22:38:56","modified_gmt":"2023-05-29T22:38:56","slug":"presentation","status":"publish","type":"page","link":"https:\/\/www.fgd-umoa.org\/en\/about\/presentation\/","title":{"rendered":"Presentation"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"1211\" class=\"elementor elementor-1211 elementor-39\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3cdbc57 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3cdbc57\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-50f392c\" data-id=\"50f392c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f36c1e3 elementor-widget elementor-widget-heading\" data-id=\"f36c1e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<span class=\"elementor-heading-title elementor-size-default\">Presentation<\/span>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-59a5f2b\" data-id=\"59a5f2b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c68c111 elementor-widget elementor-widget-text-editor\" data-id=\"c68c111\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Deposit Insurance Fund in the West African Monetary Union (FGD-UMOA) was created by <a href=\"https:\/\/www.fgd-umoa.org\/wp-content\/uploads\/2023\/05\/Decision-n\u00b0088-03-2014-du-21-mars-2014-1.pdf\" target=\"_blank\" rel=\"noopener\">Decision No. 088-03-2014 of March 21, 2014<\/a>, of the Governor of the Central Bank of African States of AfricaWest (BCEAO).<\/p>\n<p>Further to  the decision of the Council of Ministers of the West African Monetary Union to institute a banking crisis resolution mechanism, the missions of the FGD-UMOA were extended to the financing of resolution actions.<\/p>\n<p>The Fund has therefore changed its name to become the Deposit Insurance and Resolution Fund in the West African Monetary Union (FGDR-UMOA) following the <a href=\"https:\/\/www.fgd-umoa.org\/wp-content\/uploads\/2023\/05\/Decision-du-Gouverneur-de-la-BCEAO-N\u00b0-301-09-2018-modifiant-et-completant-la-Decision-n\u00b0088-03-2014-du-21-mars-2014.pdf\" target=\"_blank\" rel=\"noopener\"> Decision of the Governor of the BCEAO N\u00b0 301-09-2018 amending and supplementing the Decision n\u00b0088-03-2014 of March 21, 2014<\/a> mentioned above.<\/p>\n<p>The FGDR-UMOA is a community institution, of an economic and financial nature, endowed with legal personality and financial autonomy.<br \/>\nIts objectives are to :<\/p>\n<ul>\n<li>protect small depositors against the loss of their savings in the event of cessation of payments from a credit institution or a member Decentralized Financial System (Microfinance institutions);<\/li>\n<li>contribute to the implementation of <a href=\"https:\/\/www.fgd-umoa.org\/en\/intervention-framework\/crisis-resolution\/\">the banking crisis resolution measures<\/a> decided by the Resolution College of the Banking Commission of the UMOA;<\/li>\n<li>participate in preserving the stability of the banking and microfinance sectors in the Union;<\/li>\n<li>contribute to the promotion of financial literacy in the member states of the WAMU.<\/li>\n<\/ul>\n<p>The FGDR-UMOA consists of a deposit guarantee mechanism comprising a window for Banking Institutions and a window for Microfinance Institutions, as well as a mechanism for financing resolution actions.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b9ec66 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"9b9ec66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-md\" href=\"https:\/\/www.fgd-umoa.org\/faq\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"icon icon-chevron-right\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Read more...<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Presentation The Deposit Insurance Fund in the West African Monetary Union (FGD-UMOA) was created by Decision No. 088-03-2014 of March 21, 2014, of the Governor of the Central Bank of African States of AfricaWest (BCEAO). Further to the decision of the Council of Ministers of the West African Monetary Union to institute a banking crisis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1210,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1211","page","type-page","status-publish","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/pages\/1211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/comments?post=1211"}],"version-history":[{"count":3,"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/pages\/1211\/revisions"}],"predecessor-version":[{"id":1393,"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/pages\/1211\/revisions\/1393"}],"up":[{"embeddable":true,"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/pages\/1210"}],"wp:attachment":[{"href":"https:\/\/www.fgd-umoa.org\/en\/wp-json\/wp\/v2\/media?parent=1211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}