Ministers and experts of WAEMU recently gathered in Lomé to discuss the housing access issue in this economic zone

Economic governance
Wednesday, 02 October 2019 11:51
Ministers and experts of WAEMU recently gathered in Lomé to discuss the housing access issue in this economic zone

(Togo First) - Last Monday, Lomé hosted a two-day meeting where various ministers and experts discussed issues related to accessing decent and affordable housing for populations living in the West African Economic and Monetary Union (WAEMU).  

The meeting was organized by the Caisse Régionale de Refinancement Hypothécaire (CRRH-UEMOA), with the World Bank's support. 

It was placed under the theme "Policies to promote housing and foster economic growth," Various topics covered include limitations and impacts of policies to promote housing within the Union, challenges and solutions relative to housing financing, or the role of Decentralized Financial Systems (DFS) towards the improvement of financing for housing. 

On this occasion, the minister of housing, Koko Ayeva, highlighted some initiatives undertaken by the government in this area. It "has adopted a national housing strategy, validated the national policy for housing and urban development (...) launched the feasibility study for the creation of structure in charge of providing urban field equipment, and more recently adopted a State-owned land code," the official declared.  

According to official data, the WAEMU records a housing deficit of 3.5 million units, against an annual growth in demand of about 700,000 units. 

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