Visionary Reports

The announcement was made during the 10^th session of the PREF –CEMAC meeting that took place in Douala on December 21^st

The 10^th Ordinary Session of the Monitoring Unit of the Economic And Financial Reforms Programme of  CEMAC (PREF-CEMAC)  that took place in Douala on the 21^st of December 2019 came to put an end of to a two day working session of members within the committee. At the end of the meeting it came to the limelight that one of the member state Equatorial Guinea, has finally signed the accord of the IMF economic reforms programme within the CEMAC region.  Though a member of CEMAC Equatorial Guinea has been reluctant to sign some agreements and apply some regulations applicable within the sub region.

As explained by the Permanent Secretary of PREF-CEMAC, Professor Michel DJIENA WEMBOU, with the signing of the partnership agreement by Equatorial Guinea, all six countries are on board in terms of development within the region. He said economic restructuring will now be fully harmonized. He added that it was a sigh of relief for all member countries as economy, finance and judiciary will work together for the development of the CEMAC zone.

Meanwhile members at the 10^th ordinary session of the Monitoring Unit of the Economic And Financial Reforms Programme of CEMAC (PREF-CEMAC) also took time off to examined the recommendations taking by the CEMAC heads of state meeting in Njamena and that in Yaoundé on the Budgetary Reforms and Diversity of the Economy of the CEMAC zone. They looked into the implementation of agreement with IMF by member states.

A delegation was assigned to lobby for funds to sponsor integration projects amongst others.

On his part, the president of the CEMAC commission Prof. Daniel Ona Ondo appreciated member countries that have been doing their best in implementing CEMAC regulations. He said the certification of CEMAC passport in Gabon will take place in the nearest future.

To him, the progress made by member countries is huge which show their commitment in the improvement of the livelihood of the people within the sub region.

Prof. Daniel Ona Ondo added that they are aimed at achieving collective autonomy, raise the standard of living of its populations and maintain economic stability through harmonious cooperation.

By GINA ESONG