logoBC
Yaoundé - 09 July 2020 -
Finance

CEMAC: IMF and BEAC to discuss cooperation axis for regional capital market development

CEMAC: IMF and BEAC to discuss cooperation axis for regional capital market development
  • Comments   -   Friday, 29 November 2019 14:01

(Business in Cameroon) - From December 2 to 6, 2019, the IMF’s Regional Technical Assistance Center for Central Africa (Afritac Centre) will conduct a mission at the Bank of Central African States (Beac) headquarters in Yaoundé, Cameroon, in the framework of its technical assistance programme concluded with the BEAC for capital market development.

According to the mission terms of reference, areas of interventions on which Afritac Centre could support BEAC’s efforts to develop the regional financial market will be identified and agreed upon during the period.

Let’s note that this market is supposed to compensate for the discontinuation, at the IMF's request in the framework of a sub-regional crisis response strategy, of the statutory advances (20% of their budget revenues) that BEAC used to grant to CEMAC member countries. The Bretton Woods institution encouraged the member countries to have recourse to alternative financing methods to fund their economies and in that regard, it welcomed the efforts made by sub-regional authorities to create a unified financial market.

Stéphane Billé

cameroon-plantain-chips-producer-delors-leuwing-n-wins-3rd-edition-of-pierre-castel-prize
Delors Leuwing Ngounouo (photo) is the winner of the 3rd edition of Pierre Castel Prize in Cameroon, thanks to his company Mboa Snackery Sarl, which...
investisseurs-et-partenaires-i-p-announces-interest-free-loan-programme-to-support-smes-in-cameroon
Investisseurs et Partenaires (I&P), an investment fund dedicated to SMEs based in Africa -chaired by Jean-Michel Severino (photo)- and Somtou Cameroun...
cameroonian-start-up-ease-travel-launches-a-cfaf150-mln-fundraising-to-develop-operations
Since June 15, 2020, the Cameroonian start-up Ease Travel Services, with Franck Dakayi (photo) as co-founder, has been in the fundraising market to raise...
hevecam-lays-off-1-037-employees
As announced on June 26th, Hevea Cameroun (Hevecam), a subsidiary of the British group Corrie MacColl specialized in rubber production, laid off part of...

Mags frontpage


Business in Cameroon n88: June 2020

Covid 19 Its impacts so far


Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»


Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts


Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »