“The IMF gives money to the government and people often expect these funds to improve their living conditions. They are wrong because the IMF does not invest to improve living conditions. When the state's accounts are in the red, the IMF finances its overdraft to bring the level down to zero in the hope that...
During the borrowing operation, for the value "EOG 6.25% NET 2019-2024", Gabon had mobilized an envelope of 126 billion francs in the last quarter of 2019, whereas it did not initially request than 100 billion francs. The amount sought by the Gabonese government has been increased with the authorization of the financial market regulator, after...
Among these are “the Debt Recovery Fund, Assinco SA, Bati Sarl, the Professional Insurance Company of Cameroon, but also Commercial Bank of Cameroon, Banque Atlantique du Cameroun, Financia Capital, Union Bank of Cameroon , and finally, City Bank Cameroon and Societe Generale Cameroon ”, we learned.
Speaking to reporters at the end of the meeting with the Head of Government, the Duval Group boss reiterated, “We have planned investments in Yaoundé and Douala. These operations are due to start in the next few months, ”the businessman said. And to add: "We also plan to develop in microfinance and insurance."
“For us, the main thing is first to preserve the jobs of SMEs. Then they must come so that we can find together the conditions for relaunching their activities, ”said Abakal Mahamat, Managing Director of BGFI Bank Cameroon after signing a memorandum of understanding with the Minister of Finance (MINFI). September 1, 2020.
The report also points out that this rate exceeds the convergence threshold of 70% of GDP in force in the Cemac zone, the Economic Community of Central African States (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad). The monetary institution still indicates that the country’s debt will be trending down. It is projected...
The actions still to be carried out for the finalization of the second phase of the merger of the financial markets of the Economic and Monetary Community of Central Africa (Cémac), essentially relate to two axes, namely: the deepening of the market for Treasury securities and the operationalization of the structures of the unified financial...
It should be noted that the second phase of the CEMAC financial market merger project initiated in July 2019 concerns: the reform of the regulatory framework relating to market activities in the said zone, the viability of new market structures (regulator, stock exchange and single central depository) so that they can better support its development,...
A Turkish national, Rasit Pertev was previously Secretary of the International Fund for Agricultural Development (IFAD). He first joined the Bank in 2003 and has worked as a Senior Agricultural Economist based in Turkey and Uganda and more recently as Resident Representative for the Comoros. He has over 25 years of development experience, starting with...
