(Business in Cameroon) - At the request of Obiang Nguema Mbasogo, incumbent President and President of the Republic of Equatorial Guinea, an ordinary session of the conference of Heads of State of the Central African Economic and Monetary Community (CEMAC) will be held on Friday 17 February 2017 in Oyala, in Equatorial Guinea.
In that respect, the 31st ordinary session of the Council of Ministers of the Central African Economic Union (UEAC) is organised in Obiang Nguema’s country from 07 to 15 February 2017 to prepare the topics on the agenda of the Summit. At the opening of UEAC, the President of the Council of Ministers, Baltasar Engonga Edjo’o, indicated that, “this session will be mainly dedicated to analysing the budget bill and the plan of action for 2017, which was outlined during the last conference of UEAC Council of Ministers, in an environment where the progress of the economic crisis should remind us of the absolute necessity of implementing reforms in our economies in relation with the oil sector”. He also noted that it is time for the countries in the community to complete some projects. Such as, the rationalisation of training schools and election of CEMAC members of parliament by indirect vote.
Beyond the budget issue, the Vice-President of the CEMAC Commission, Rosario Mbasogo Kung Nguidang, also indicated that the conference should broach the subject of the continuation of the implementation of institutional reforms with the establishment of common courses, strengthening of customs union, with the case on free movement of people, the consolidation of the common market, with the progress in the negotiations for the Economic Partnership Agreement between Central Africa and the European Union. Including cleaning the community’s public finance, with the progress in the implementation of the CEMAC public management harmonised framework’s directives.