DGAP-News Round Table for the Financing of CEMAC Integration Projects - Paris, 16 & 17 November 2020
DGAP-News: CEMAC (Economic and Monetary Community of Central Africa) / Key word(s): Miscellaneous
Round Table for the Financing of CEMAC Integration Projects - Paris, 16 & 17 November 2020
CEMAC takes up the Challenge and Mobilizes 3.8 Billion Euros to Finance Integration Projects in the CEMAC zone
After two days spent in Paris meeting with representatives of the French Government, heads of community institutions, representatives of international institutions, donors and private investors, CEMAC (http://www.CEMAC.int/) can boast of significant economic success.
Under the leadership of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, the institution has succeeded in raising 3.8 billion euros to support the financing of integration projects for the economic development of the region.
Organized by the Economic and Monetary Community of Central Africa (CEMAC) under the very high patronage of HE Mr. Denis SASSOU N'GUESSO, President of the Republic of Congo, President dedicated to the Economic and Financial Reform Program of CEMAC (PREF-CEMAC), represented by HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, the round table on the mobilization of financing for integration projects of CEMAC, was held on November 16 and 17, 2020 in Paris.
Due to the COVID-19 pandemic, the round table took place in a hybrid format with 60 participants present, and more than 400 video conference participants over both days.
The objective of this round table was to mobilize donors and private investors to raise funds for the effective implementation of eleven (11) integration projects in the CEMAC zone, which specifically focus on: facilitation of transport and trade, production and interconnection of electricity and communications networks, the common market and economic diversification, and human capital.
At the opening of the ceremony, the opportunities of the CEMAC zone and the importance of the implementation of integration projects for the strengthening of regional integration and the acceleration of the diversification of economies were reminded by Prof. Daniel ONA ONDO, President of the CEMAC Commission.