DGAP-News

Round Table for the Financing of CEMAC Integration Projects - Paris, 16 & 17 November 2020 - Seite 2

BDEAC, ADB, BADEA and other CEMAC partner institutions welcomed the initiative and expressed their commitment to support the implementation of projects, while emphasizing on the potential of the CEMAC zone.

The speeches were completed by the intervention of HE Mr. Clément MOUAMBA, Prime Minister, Head of Government of the Republic of Congo, who declared the workshop open and expressed his gratitude and that of all the populations of CEMAC to the French people and their authorities who, despite the international environment marked by the COVID-19 pandemic, have exceptionally agreed to authorize the organization of this meeting on French territory. The day ended with a session dedicated to PPPs during which six private institutions (Club PPP, Meridiam, STOA, Fidal, Olam and Sogea Satom), champions in their field, shared their experiences and success stories of PPPs in Central Africa. The IDB also made a presentation on Islamic finance (SUKUK) as an important mode of financing structuring and integrating projects.

The second day mainly focused on B to B exchanges between Ministers, donors and economic institutions on the specific characteristics of certain projects, the issue of foreign exchange regulations and the financial environment in CEMAC, and details of the intentions and modes of donor funding. The Governor of BEAC had an enriching exchange with donors and private investors on the regulation of trade and the financial environment in CEMAC. The President of BDEAC also examined with partners their intentions and modes of financing.

During the two days of the event, several panels bringing together directors of bilateral and multilateral agencies, government authorities and representatives of economic institutions in the area, took place one after the other.

The Ministers of the CEMAC countries made detailed presentations on the eleven (11) projects, presenting the content, objectives, financial evaluations, modes of financing and expected results of each of these projects.

Out of a need for 3.4 billion euros expressed, 3.8 billion euros were mobilized with the support of Afreximbank, BDEAC, the African Development Bank, the World Bank group, the Scandinavian Chamber of Commerce and SX Capital Holdings. The financing of 8 out of 11 projects has been fully completed.