Minister for Finance attends BDEAC extraordinary assembly

A senior delegation from the Republic of Equatorial Guinea, led by the Minister for Finance and Budgets, Lucas Abaga Nchama, attended the extraordinary general assembly of the Central African States Development Bank in the city of Brazzaville.

In the presence of Finance ministers from the subregion of Central Africa, Fortunato Ofa Mbo Nchama, BDEAC president, announced to those present the introduction of reforms to the institution, with the aim of improving its operations and adjusting to the current situation. To that end, the extraordinary general assembly was the first step towards the adoption of the reforms and the review of the founding framework document for the bank, with the aim of meeting the mandate by the Economic and Monetary Community of Central Africa Heads of State, at the latest summit which took place in N’Djamena.

Fortunato Ofa Mbo Nchama urged those present to take the new reforms into account. They oblige members of the bank to review its statutes, and adjust them to the current context, in addition to revitalising some of the institutions within this banking organisation.

According to the BDEAC president, progress is positive in the subregion, although there is no lack of problems in some areas.

The extraordinary general assembly brought together the six member countries of CEMAC: Congo, Cameroon, Gabon, Chad, Equatorial Guinea and Central African Republic, together with France and Morocco, acting as partners and ancillaries to the institution.

Source: Equatorial Guinea Press and Information Office

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