The Stabilization and Equalization Fund (Caistab) recently held its Board of Directors in Libreville. The general management was reinforced in its action with an envelope of 16.7 billion CFA francs in 2021, in particular to revive the coffee-cocoa sector and fight against the trafficking of petroleum products.
16.7 billion CFA francs. This is the budget of the Stabilization and Equalization Fund (Caistab) in 2021. Adopted during the board of directors held last week in Libreville, this envelope has several objectives: to generate profit margins in the hydrocarbons activity, to fight against the illegal trafficking of petroleum products and above all, to revive the coffee-cocoa sector.
“As for the coffee-cocoa business, we have to resolve the problems of product leakage to Cameroon,” the Director General of Caistab told L’Union on March 10. “And therefore, we will maximize the purchase of coffee and cocoa so as to guarantee all of our farmers the income from this activity,” added Thierry Mboutsou. A project that is part of the roadmap of the leader who, in office since December 2019, has displayed his ambition to revitalize the coffee and cocoa sectors to increase their share in the gross domestic product.
At the level of the activity of hydrocarbons, “the objective of Caistab was to reduce costs as much as possible in order to maximize our income because we sometimes paid partners who acted illegally”, affirmed the boss of the Caistab. “Like the Bifoun office that we have set up recently, this will be to control all the stocks that will be sent inside the country,” he said.
