“The steering committee of the Economic and Finance Reforms Program of the Cemac (PREF-CEMAC) of the 19th ordinary session examined the implementation of the 2nd Pilar which are the monetary policy and the financial system. This is the second phase which covers the 2021-2025 period, reinforcing the effectiveness of the monetary policy of the development of the financial system, a fondamental Pilar of the economic launch in the Cemac region. The committee in this slot presented the evolution recorded in the implementation of the second phase of the PREF-CEMAC particularly between January to June 2023”.
It’s main objective was bringing in a long term external stability of the currency,
Reinforce the effectiveness of the monetary policy, specifically ameliorating the transmission of the monetary policy, this in view of improving on the management of operations of monetary market which is based on forecast of autonomous factors of bank liquidity.
The committee while examining the Pilar equally aimed at enabling support on the Cemac economies to take stock the persistence of the sanitary crisis, together with the COBAC.
Promoting the efforts of credit bank to productive sector. The committee outlined the fact that as regards to this, there has been no evolution till date.
The reinforcement of stability and financial inclusion and the fight against money laundering in the CEMAC region. That is, improving the access of the population to financial services by protecting them, development of the financial inclusion in the subregions.
Intensifying and making dynamic the financial market of the subregions. In this light, recent evolutions concerning the COSUMAF, BVMAC and the Depositaries Central Unique was created..
The promotion of the titled offer on the financial market by the voluntary action of the states.
Inciting the demand for titles on the markets by the development of long savings and the consolidation of the base of investors.
The elaboration of the putting in place of a strategic plan to ensure the liquidity of the financial market through the existence of a secondary market..
During the period of the revenue deficit, two meetings of the Permanent Concertation Administration of the Public Treasury of the CEMAC took place with the financial notation agencies.
Juliette M.
