Overview of the AMF-UMOA taxonomy

Achieving sustainable development objectives is now a key criterion taken into account by donors and financial institutions, and must be considered by companies seeking financing on the financial market.

To this end, and with a view to bringing its practices into line with international standards on sustainable development, the regulatory body for the WAEMU regional financial market, in its first circular of 2024 dated 28 February 2024, introduced a taxonomy of projects for which green, social and sustainable bonds may be issued.

This article provides a brief overview of this catalogue identifying the categories of projects that can be considered green, social and sustainable, and outlines a number of ways in which the existing legal arsenal could be improved.

Télécharger le PDF