Between 2017 and 2018, no loan requests were granted, despite a sharp increase in requests from state agents, according to the report.
It is also noted that the subsidy for the personal loan account (Dmc) has not been approved. This situation has persisted since the administration in 2016, notes the Court of Auditors.
The number of applications awaiting processing per 31 December 2018, is estimated at 37,614 cases. The value of requests awaiting processing per December 31, 2018, estimated at 150 billion 456 million CFA francs. According to the Court of Auditors, this figure is estimated on the basis of an average loan of four million CFA francs per year. agent.
But, emphasizes the control body, “The “loans to individuals” account was equipped with 12 billion 950 million CFA francs for 2018.
The Ministry of Finance and Budget explains this failure to implement credits allocated to loan applications in 2017 and 2018 “by the state’s choice to find an alternative to the management of housing loans”. Therefore, it is foreseen “involvement of the banking system in housing loans. To this end, the housing loans granted by the state to its agents through a system that is sustainable by the public finances, which allows to reduce the stock of pending applications in 2017. The chosen option is subsidizing housing loans, which consists of granting loans from partner banks and paying interest from the state”.