Accounting for capital transactions, UEMOA’s overall financing requirement, estimated at CFA4.14trn ($7.12bn) in 2021, up 42.3% compared to 2020, was covered by capital inflows from the regional financial market and eurobond issues. More than CFA2.1trn ($3.5bn) in Treasury bills was raised in 2021 – amounting to 28.3% of the total resources raised on the regional financial market – compared to CFA5.5trn ($9.5bn) in 2020.