Finances

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Continued clearance of the domestic commercial debt of the Republic of Congo

Saturday December 16, 2023 in Brazzaville, the Minister of Economy and Finance, Mr. Jean-Baptiste Ondaye, received in audience the leaders of the employers' unions. The concern that led to this meeting was Decree No. 2023-1579, of September 19, 2023, setting out the terms of reimbursement of domestic commercial and social arrears.

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2nd session of the National Investment Commission (CNI)

Wednesday, November 29, 2023 in Brazzaville, Mr. Athanase Ngassaki, Chief of Staff, representing Mr. Jean-Baptiste Ondaye, Minister of Economy and Finance and President of the CNI chaired, in the meeting room of the said ministry, the work of the second session of the National Investment Commission (CNI), in the presence of Mr. Franck Mondesir Mbouayila Tsassa, Director General of the Economy and Permanent Secretary of the CNI.

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Handover and installation of Advisors to the Minister of Economy and Finance

During October 2023, twelve Congolese executives including ten men and two women were inducted by the Inspector General of Finance (IGF), into the various positions of Advisor to the Minister of Economy and Finance, Mr. Jean-Baptiste Ondaye. The latter who appointed them in September, on the basis of their files compiled following a call for applications.

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Training seminar for human resources managers (HRM) of the Ministry of Economy and Finance

Audrey Alban Mapithy-Ma-Mapithy, Administrative and Legal Advisor, representing Jean-Baptiste Ondaye, Minister of Economy and Finance opened, Monday October 9, 2023 in Brazzaville, the training seminar for human resources managers (HRM), placed under the theme, “HRM-Design and management of a multi-year training plan”.

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Afritac-Centre/Directorate General of the Economy (DGE) Opening of the Workshop to strengthen macroeconomic and budgetary framework mechanisms

Athanase Ngassaki, Chief of Staff of Jean-Baptiste Ondaye, Minister of Economy and Finance, opened, Monday May 8, 2023 in Brazzaville, the work of the Workshop on strengthening macroeconomic and budgetary framework mechanisms, at the at the location of Public Administrations and the technical secretariat of the Macroeconomic and Budgetary Framework Committee (CCMB), in the presence of Franck Mondesir Mbouayila Tsassa, Director General of the Economy. The work is led by Severin Yves Kamgna, Resident Advisor of Afritac Center and Samuel Tchioutchoua Lenou, expert at the International Monetary Fund (IMF).
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First session of the National Investment Commission (CNI) for the year 2023

On Saturday April 1, 2023 in Brazzaville, Athanase Ngassaki, Chief of Staff, representing Jean-Baptiste Ondaye, Minister of Economy and Finance, and President of the National Investment Commission (CNI), opened the work of the first session of said Commission for the year 2023. In the presence of Ferdinand Sosthène Likouka, Chief of Staff of Mrs. Ingrid Olga Ghislaine Ebouka-Babackas, Minister of Planning, Statistics and Regional Integration; and Franck Mondesir Mbouayila Tsassa, Director General of Economy and Permanent Secretary of the CNI. 24 requests, representing 2.572 billion 52 million 836.394 F CFA of investment intentions to be realized and 3578 jobs to be created, were examined.
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National Economic and Financial Committee (CNEF) of Congo

Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, chaired the meeting of the National Economic and Financial Committee (CNEF) of the Republic of Congo, session of Friday, March 24, 2023, at the headquarters of the Bank of the States of the Central Africa (BEAC). The work took place both face-to-face in Brazzaville (Congo) and by videoconference in Yaoundé (Cameroon) and Libreville (Gabon). According to the final press release, "in 2023, Congo's growth would amount to 3.7%".
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Communication from the Inspector General of Finance for the attention of employers' organizations

Managers or representatives:
 
  • the Employers’ and Interprofessional Union of Congo (UNICONGO);
  • the National Union of Economic Operators of Congo (UNOC);
  • the Collective of Economic Operators of Congo (COPECO);
  • the General Confederation of Employers of Congo (COGEPACO);
  • the Syndicate of Bosses of Congo;
  • of the Congress of Business Leaders of Congo (CCEC).
  • Ladies and gentlemen, distinguished guests.
 
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Seminar to review and validate State cash management optimization tools

Athanase Ngassaki, Chief of Staff, representing Jean-Baptiste Ondaye, Minister of Economy and Finance, opened, on Wednesday January 11, 2023 in Brazzaville, the work of the seminar on the examination and validation of tools for optimizing the government cash management. In the presence of the Directors General of the financial authorities and representatives of the Bank of Central African States (BEAC), as well as the Postal Bank of Congo (BPC).
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National Balance of Payments Committee of Congo (CNDBP)

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).

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