From Monday February 13 to Tuesday February 21, 2023, a team from the World Bank (WB) is staying in Brazzaville (Republic of Congo), for an identification mission with a view to preparing the second budget support operation of this international financial institution of Bretton Woods for the Republic of Congo. This mission was received at an initial meeting by the Minister of Economy and Finance, Jean-Baptiste ONDAYE, and his colleague from the Budget, Public Accounts and Public Portfolio, Ludovic NGATSE.
Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, opened, Tuesday, January 31, 2023 in Brazzaville, the meeting to present the conclusions of the joint mission led by the International Monetary Fund (IMF) and the World Bank (WB). ), on the assessment of Public Investment Management (PIM), including the consideration of climate change in the Republic of Congo (PIMA/C-PIMA, for short). In the presence of Nicolas Million, Resident Representative of the IMF in Congo, and Claude Wendling, Head of Joint Mission, and Principal Economist at the IMF.
The Minister of Economy and Finance, Jean-Baptiste Ondaye, has been appointed head of the ministerial committee of the Central African Monetary Union (Umac) for a one-year term, at the end of a meeting of the community institution held on 22 December in Douala, Cameroon.
On Tuesday 20 December 2022, the National Balance of Payments Committee (CNDBP) of Congo met at the Bank of Central African States (BEAC) in Brazzaville. The meeting was chaired by Franck Mondésir Mbouayila Tsassa, Director General of the Economy, in the presence of Appolinaire Akilabi, representing Roger Gossaki, Director General of the Currency and External Financial Relations (DGMRFE). The Committee noted that Congo's economic and financial transactions with the rest of the world resulted in a current account surplus of CFAF 829 billion 200 million in 2020 (or 13.0% of the Gross Domestic Product - GDP), but down by 13.3% compared to 2019, when it stood at CFAF 956 billion 400 million (or 11.6% of GDP).
On Monday 19 December 2022 in Brazzaville, Chrysoula Zacharopoulou, French Secretary of State to the Minister of Europe and Foreign Affairs, in charge of Development, La Francophonie and international partners; Olga Ghislaine Ebouka-Babackas, Congolese Minister of Planning, Statistics and Regional Integration, Governor of the World Bank for Congo, representing her colleague Jean-Baptiste Ondaye, Minister of Economy and Finance; and Maurizio Cascioli, Minister of Finance of Congo; and Maurizio Cascioli, Director of the French Development Agency (AFD), signed two Financing Agreements, relating to the Sustainable Land Use Programme (SLUP), for a total amount of 24.5 million Euros (i.e. 16 billion 70 million 946. 500 FCFA), over a period of 5 years (2022-2027), in the presence of the Ambassadors of the Board of Directors of the Central African Forest Initiative (CAFI) in the Republic of Congo.
On Monday 19 December 2022 in Brazzaville, Mrs Korotoumou Ouattara, World Bank (WB) Representative-Resident in Congo, and Ingrid Olga Ghislaine Ebouka-Babackas, Minister of Planning, Statistics and Regional Integration, Governor of the World Bank for Congo, representing her colleague Jean-Baptiste Ondaye, Minister of Economy and Finance, signed the documents corresponding to the disbursement of the first installment of the Budget Support Financing Agreement, which amounts to 50 million dollars (33 billion CFA francs).
On Friday 16 December 2022 in Brazzaville, André Léma, 2nd Duly Authorized Representative, representing Albert Ngondo, Director General of the Treasury of the Republic of Congo, closed the work of the 3rd deployment session of the AMS/X Application, devoted to the reform of the Single Treasury Account (STA) in this country. The ceremony took place in the presence of Serge Dino Daniel Ngassackys, National Director of the Bank of Central African States (BEAC), representing the National President of the Steering Committee of this reform, and the Directors General of the Treasury of the States of the Economic and Monetary Community of Central Africa (CEMAC).
André Lema, Second Duly Authorized Representative of the Treasury, representing Albert Ngondo, its Director General, opened on Wednesday, December 14, 2022 in Brazzaville, the third session of the deployment process of the AMS/X Application in the six countries of the CEMAC Zone (Economic and Monetary Community of Central Africa), devoted to the reform of the Single Treasury Account (CUT) of Congo, in the presence of Serge Dino Daniel Ngassackys, National Director of the Bank of Central African States (BEAC); Gaëtan Edouard Iloy, Director of Information Systems (DSI) of the Ministry of Economy and Finance; and several executives of the Public Treasuries of the five other countries of the sub-region.
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