The ordinary session of the Central African Monetary Union (UMAC) took place in the headquarters of the Bank of Central African States (BEAC) in Yaunde, and was chaired by the Gabon Minister of Economy, Jean-Marie Ogandaga in presence of ministers responsible for the economies and finances of CEMAC (Central African Economic and Monetary Community) countries. The President of the Commission, Daniel Ona Ondo, and BEAC Governor, Abbas Mahamat Tolli, also participated, among other leading figures.
According to the set agenda, the work began with the monitoring of the resolutions and recommendations from the BEAC Governing Board. The following item on the agenda was to continue with the economic and financial situatiuon of CEMAC in 2018, the state of foreign currency reserves and the examination of the report by the audit committee of the Central Bank in the third fiscal quarter of 2018, among other subjects.
In addition, the participating members examined the report by the group for the fiscal year 2018, as well as the revised version of the BEAC code of acquisitions and the memo on the preparation of the Franc Zone meeting, the annual accounts of the International Monetary Fund (IMF) and the World Bank. In this sense, the conclusions of the IMF mission will be discussed with the CEMAC institutions.
Source: Equatorial Guinea Press and Information Office