It is a question for the community institution to take advantage of these meetings to hold important bilateral meetings and many others.
The Commission of the Central African Economic and Monetary Community (CEMAC) has been participating since April 15 and until the 21st in Washington, United States, in the 2024 spring meetings of the IMF and the World Bank. On the sidelines of this meeting, the community institution headed by Baltasar Engonga Edjo'o held important bilateral meetings. Among others: the meeting with the public finance department of the IMF, or even with the Africa department of this international financial institution.
With the public finance department of the IMF, the meeting was the pretext for the commission, not only to express its satisfaction with the multifaceted support that this department continues to provide it in the reform of public finances, in the revision of Community directives on taxation. But also with regard to the strengthening of tax administration in the sub-region.
As for the meeting with the Africa department of the IMF in which COBAC and BEAC also took part, the work consisted of CEMAC regional institutions sharing with the IMF recent developments in terms of strengthening regulatory tools. in their possession in a context of a need to strengthen community momentum in the implementation of the regional strategy for the recovery of the CEMAC economies.
In addition, the commission held other meetings such as the high-level meeting on April 16 on CEMAC. It aimed to discuss ways and means to strengthen the community momentum of the regional strategy for restoring the budgetary and external viability of CEMAC. Or ultimately the caucus meeting with the Managing Director of the IMF. Placed under the theme: "Strengthening Africa's resilience in a world in perpetual shocks", the meeting essentially consisted of African finance ministers presenting to the Director General the main concerns of the continent relating to IMF financing implemented at his disposal. And climate financing in the face of multiple shocks as well as ways and means of strengthening its resilience.
Julien Efila
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