BDEAC reviews strategic plan for next five years

Under the presidency of Fortunato Ofa Mbo Nchama as head of the Central African States Development Bank (BDEAC), the strategic plan 2017-2022 was reviewed in Congo, the headquarters of this financial institution, with the participation of the vice-president and consultants from the group.

In a sub-regional context marked by a deceleration in economic growth and a drop in the prices of raw materials, the BDEAC, a financial institution for the development and promotion of regional integration, is taking a leading role in the financing of development projects and the private sector, which are the areas given priority for finance.

The plan, which will be followed until 2025, included the fight against unemployment in the six countries in the Economic and Monetary Community of Central Africa (CEMAC), the financing of agriculture, agro-industry, fishing, aquaculture, and livestock projects from the perspective of reducing the level of food imports in member States.

BDEAC, which brings together Equatorial Guinea, Cameroon, Gabon, Chad, Congo, and Central African Republic, aims to develop an new focus for the next five years, based on credible, plausible strategies, raising the perspective of some resources and a financial programme in line with the real capabilities of the bank to mobilise these resources.

The plan aims to position the BDEAC by 2025 as a key partner for regional integration and human development, together with playing an important role in the financing of integration projects and private investment in the CEMAC area.

Source: Official Web Page of the Government of the Republic of Equatorial Guinea

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