Reform of the Single Treasury Account (STA) in the CEMAC Members States

The AMS/X Application has been implemented with satisfaction in Congo
16 Dec, 2022

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). 

 

During three days, participants in the workshop, notably the technicians of the Ministry of Economy and Finance of Congo, in partnership with those of AMS/X (company in charge of financial solutions), have implemented, with satisfaction, the Application on the reform of the Single Treasury Account in the countries of the CEMAC zone. 

Speaking to the press, Maxence Ondongo, an agent of the System and Means of Payment of the Congolese Treasury, and participant in the workshop, added: ‘’The AMS/X application is now installed in Congo. It is intended to bring together in a single account all the accounts of ministerial departments, which were previously scattered in secondary banks. This account will enable the Treasury to better manage public revenue in terms of collection and disbursement. This will benefit not only Congo- Brazzaville, but also other CEMAC countries, as well as financial partners, such as the International Monetary Fund (IMF) and the World Bank (WB)’’.

For his part, the National Director of the BEAC recalled the five main objectives of the reform project, aimed at making the Treasury a true banker and account holder for all public administrations. It is all about ‘’the creation of a real Treasury ecosystem, with the integration of all the accounts of the public Administration; the instantaneousness of complete information on the availability of funds for the State, through this ecosystem; greater ease in consolidating all the State's treasury; greater fluidity of expenditure and revenue, on behalf of the Treasury departments; and effective verification of the State's budgetary year, through optimal treasury management’’.

For his part, André Lema said that this reform obeys the CEMAC Directive No.01/11 of 19 December 2011, in its Article 67, as well as the Congolese Organic Law No.36/2017 of 9 October 2017, relating to Finance Laws, in its Article 80, paragraph 2. 

According to him, ‘’the Brazzaville stage has just laid the foundations or marked the starting point for the creation of a platform for consultation and exchange of information or experiences, within the framework of this reform or this IT tool, in terms of public finance management in the countries of the sub-region’’.

 

The Communication Unit of the Ministry of Economy and Finance

Category:NEWS
Sub Category:TREASURY