WAEMU Regulatory Pack
mfi_reg_waemu is the regional pack for the West African Economic and Monetary Union, where BCEAO operates a unified supervisory framework for SFD (Systemes Financiers Decentralises) microfinance institutions.
PARMEC framework
WAEMU MFIs are governed by the Loi-Cadre portant reglementation des Systemes Financiers Decentralises 2007. The pack ships the BCEAO uniform return schedules, harmonised across all eight member states.
- Cote d'Ivoire — Ministere de l'Economie et des Finances
- Senegal — Ministere des Finances et du Budget
- Mali — Ministere de l'Economie et des Finances
- Burkina Faso — Ministere de l'Economie
- Togo — Ministere de l'Economie et des Finances
- Benin — Ministere de l'Economie et des Finances
- Niger — Ministere des Finances
- Guinea-Bissau — Ministerio das Financas
BCEAO returns
| Return | Frequency | Format |
|---|---|---|
| Etat 1 — Bilan | Trimestriel | FINREP XML |
| Etat 2 — Compte de resultat | Trimestriel | FINREP XML |
| Etat 3 — Engagements | Trimestriel | FINREP XML |
| Etat 4 — Ratios prudentiels | Trimestriel | FINREP XML |
| Etat 5 — Grandes risques | Trimestriel | FINREP XML |
| Etat 6 — Etats financiers annuels audites | Annuel | PDF + XML |
Ratios prudentiels
| Ratio | Minimum | Description |
|---|---|---|
| Norme de capitalisation | 15% | Fonds propres / total actifs |
| Liquidite | 100% | Actifs liquides / passifs court terme |
| Limitation des risques | <= 10% par client | Concentration |
| Limitation des dirigeants | <= 20% des FPN | Insider lending |
| Provisionnement | Par tranche d'anciennete | Per BCEAO instruction |
CENTIF AML
Each WAEMU country has its own CENTIF (Cellule Nationale de Traitement des Informations Financieres). The pack routes STR / DOS (Declaration d'Operation Suspecte) to the right CENTIF based on tenant company country.
French as primary language
All BCEAO returns, member disclosures, and dunning correspondence are in French by default. English fallback available for English-speaking staff. Portuguese (pt_GW) for Guinea-Bissau.
Worked scenarios
Scenario — Microfin SA Abidjan files Q1 Etats BCEAO
| Character | Role |
|---|---|
| Florence Achieng | Responsable Conformite |
| Peter Otieno | Directeur Financier |
| Jane Wambui | Directeur General |
Timeline
- 31 mars, 23:59: Cloture livres T1. (Encours net XOF 8.2B, depots XOF 4.1B.)
- 5 avril, 09:00: Florence ouvre les 5 Etats. (Norme de cap 17.4%, liquidite 124%.)
- 8 avril, 10:00: Engine flags un client a 11% des FPN (depasse 10%). (Exception bloquante.)
- 10 avril, 14:00: Restructuration cofinancement avec confrere. (Recalcule 9.4%; clear.)
- 15 avril, 10:00: Peter signe. (Etat=ready.)
- 16 avril, 15:00: Jane contresigne et depose. (FINREP XML par SFTP au Ministere; reference ETAT-2026Q1-MFSA-0084.)
- 25 avril, 11:00: Acceptation Ministere relayee a BCEAO. (Etat=accepted.)
Outcome — 5 Etats deposes 5 jours avant l'echeance (30 avril). Le client a 11% est desormais surveille mensuellement.
Reference
WAEMU country configuration
| Country | ISO | Min finance ministry | Language |
|---|---|---|---|
| Cote d'Ivoire | CI | MEF | fr_FR |
| Senegal | SN | MFB | fr_FR |
| Mali | ML | MEF | fr_FR |
| Burkina Faso | BF | MEFP | fr_FR |
| Togo | TG | MEF | fr_FR |
| Benin | BJ | MEF | fr_FR |
| Niger | NE | MF | fr_FR |
| Guinea-Bissau | GW | MF | pt_GW |
Troubleshooting
| Symptom | Likely cause | Fix |
|---|---|---|
| FINREP XML rejected schema mismatch. | BCEAO updated FINREP taxonomy 2025; pack on 2023. | Upgrade to mfi_reg_waemu 18.0.3.0.0+. |
| French templates show English text. | Translation file not loaded. | Load fr_FR; for Guinea-Bissau also pt_GW. |
| XOF amounts truncated to 4 digits in Etat 1. | Currency precision misconfigured. | Settings > Currencies > XOF, set decimal places to 0 (CFA franc has no centimes), set rounding to 1. |