Libreville, April 25, 2023 (AGP) – This Tuesday, a ministerial meeting of France and the Economic and Monetary Community of Central Africa (Cemac) was held in Paris (France). This is the first meeting of this type for two years. Among the expected topics: how to mobilize more financial resources for the CEMAC countries and the CFA franc, a currency that is increasingly unloved in the region.
This meeting follows on from the spring meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
In the global context which has experienced several economic shocks, this meeting should allow us to take stock of the major issues of the moment with the finance ministers of the six CEMAC countries (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea, Chad), the French Minister of Finance, the presidents of the institutions and the governors of the central banks.
Several highlights are expected for a first session on the macro-economic and financial situation of the region, including the international outlook in the euro zone and the CEMAC zone. This will be followed by two thematic round tables. Namely, one on multilateral initiatives to ensure the resilience of CEMAC economies, another on strengthening regional financial integration.
According to the RFI correspondent, among the subjects on the table,
He wishes to note that this is a measure initiated by President Macron in May 2021 during the summit on the financing of African economies, and which had seen the allocation of 650 billion dollars of SDRs. A measure criticized by African states, who recall having benefited very little from it.
In fact, 40 billion left for the continent, 1.5 billion for the CEMAC zone. The SDR reallocation mechanism should make it possible to increase the envelope that will go to Africa. The goal is to raise 100 billion.
LNL/FE (RFI source)
