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UEAC Committee members met, discuss challenging issues of the CEMAC zone

The 36th session of the Inter-State Committee has  taken place by videoconference from Saturday 23 to Monday 25 January 2021. Five months after their last exchange by videoconference, the members of the Inter-State Committee of the Central African Economic Union (UEAC), an organ of the Economic and Monetary Community of Central Africa (CEMAC), meet from 23 to 25 January 2021 to mainly, examine and adopt the draft budget of the Community for the account of the financial year 2021 .

“The design of this budget document incorporates certain essential measures: 1) the urgency of promoting economic convergence and regional coordination of economic reforms, 2) the diversification of the economies of the CEMAC countries in order to make them more resilient to various crises, 3) the preservation of the achievements of free movement of goods and people and 4) the improvement of the recovery of the Community Integration Tax (TCI) ”, we can read in the working document made available to the media.

This meeting held in the prelude to the 36th session of the UEAC Council of Ministers scheduled for January 27, 2021 by videoconference. This assembly, also chaired by the Cameroonian Minister of the Economy, Planning and Territorial Development, Alamine Ousmane Mey, current President of the Council of Ministers of UEAC, will allow participants to discuss, amongst other subjects, on the persistence of the Covid19 threat, the update on the process of rationalization of the Regional Economic Communities of Central Africa and the examination and adoption of the early mechanism of macroeconomic imbalances in the CEMAC Zone.

Other issues include, the examination and adoption of the broad guidelines economic policies of CEMAC member states, review and adoption of the 2021–2030 CEMAC sub-regional statistical program.