News

Congo-World Bank Cooperation

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). 

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France-Congo Cooperation

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.

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

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). 

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Brazzaville hosts the 3rd session devoted to the reform of the Single Treasury Account (CUT) of Congo

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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Launching of the work for the realization of economic studies

Jean-Baptiste Ondaye, Minister of Economy and Finance, officially launched on Wednesday, December 7, 2022, at the headquarters of the said Ministry, the work for the realization of three economic studies. In the presence of Mrs. Korotoumou Ouattara, Representative-Resident of the World Bank (WB); Nicolas Million, Resident Representative of the International Monetary Fund (IMF), Opia Mensah Kumah, Representative-Resident of the United Nations Development Programme (UNDP); Franck Mondesir Mbouayila Tsassa, Director General of the Economy and several other guests.

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Minister Jean-Baptiste Ondayer meets with the Directors General of tax and financial Directorates

Jean-Baptiste Ondaye, Minister of Economy and Finance, presided over a working session on Saturday, December 3, 2022 in Brazzaville, with the Directors General of tax and financial Directorates , namely, the Tax and State Property; Customs and Indirect Rights; the Public Treasury; and the Congolese Sinking Fund.

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Meeting of the National Economic and Financial Committee (CNEF) of Congo

Under the chairmanship of Jean-Baptiste Ondaye, Minister of Economy and Finance, assisted by Ludovic Ngatsé, Minister of Budget, Public Accounts and Public Portfolio, the National Economic and Financial Committee met for the third quarter, Tuesday 29 December 2022 at the headquarters of the National Directorate of the Bank of Central African States (BEAC), in person in Brazzaville (Congo), and by videoconference in Yaoundé (Cameroon) with Abbas Mahamat-Tolli, Governor of the BEAC. At the national level, the Committee noted a recovery in economic activity in 2022, based on the projections of the national authorities, i.e. a real GDP growth rate of 2.8% compared with a recession of 1.4% in 2021.

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Communication from the Minister of Economy and Finance

On Saturday, November 26, 2022, that is to say two months to the day, after taking office on Tuesday, September 27, the Minister of Economy and Finance, Jean-Baptiste Ondaye, made a communication to the executives of the structures and institutions under his supervision. The ceremony took place at the Ministry of Foreign Affairs, Cooperation and Congolese Abroad, in Brazzaville. 

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DGIFN-DGTT collaboration as part of the PDOCT Project

A presentation ceremony of the extension of the Project of digitization of the operations of the technical control centers of motor vehicles (PDOCT) was sponsored, Monday November 14, 2022 in Brazzaville, by Jean Pierre Nonault, Director General of the national financial institutions (DGIFN), representing Jean-Baptiste Ondaye, Minister of Economy and Finance. In the presence of Fidèle Yengo, Land Transport Advisor to Honoré Sayi, Minister of Transport, Civil Aviation and the Merchant Navy, and Girest Sadate Manzékélé-Bokenga, Director General of Land Transport (DGTT). 

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