CEMAC is looking for funds for integrative projects

The Economic and Monetary Community of Central Africa (CEMAC) is organizing an international round table in November in France, with a view to mobilizing the necessary financing for the realization of integrative projects estimated at more than 5 billion dollars.

Presented as the least integrated region of the continent, Central Africa finally seems to be aware of its backwardness by multiplying initiatives to mobilize funds intended for the development of integrative projects whose inadequate infrastructure weighs as well, if not more integration. community than political procrastination of the leaders.

A roundtable for the financing of infrastructure in Central Africa will be held on November 16 and 17, 2020 in Paris, France, as part of the implementation of the CEMAC Economic and Financial Reform Program (PREF).

“This important event aims to finance 11 projects under the 2017-2020 CEMAC Regional Economic Program (PER), which includes 84 projects. The 11 priority integrative projects that were chosen for this round table were chosen for their high degree of maturity and preparation ”, underlines the CEMAC Commission.

Essentially, these projects relate to regional transport corridors, energy production and interconnection, the single market, the free movement of goods, services and people and human capital as well as economic diversification.

No less than 2,812 billion FCFA (just over 5 billion dollars) must be mobilized for the realization of this development program, of which barely 255 billion composed in particular of contributions from development partners and own financing of the six States of CEMAC would currently be available.

Aligned with the 2030-2053 agendas of the African Union (AU) and the Sustainable Development Goals (SDGs) of the United Nations, these flagship projects should ultimately make it possible to sustainably accelerate the physical and commercial integration of the region.

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