The Congolese Minister of Economy and Finance, Jean-Baptiste Ondaye, chaired, Friday November 10, 2023, in the meeting room of the said ministry, a working session with members of his cabinet, expert consultants, directors attached to the cabinet and the general directors of financial authorities.

Thursday, November 2, 2023 in Brazzaville, Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, received the end of technical mission report from the delegation of the International Monetary Fund (IMF), led by the Togolese Roland Kpodar. This mission spent 14 days in Congo, to finalize the collection of data relating to the fourth review of the Program supported by the Extended Credit Facility (ECF), signed in January 2022.

Following changes within the Congolese Ministry of Economy and Finance, and in application of Article 4 of Instruction No. 06 of the Securities Settlement and Conservation Unit (CRCT) of the Bank of States of Central Africa (BEAC) of November 18, 2021, establishing the establishment, composition and operation of the Permanent Framework for Consultation of the Public Treasury of the Economic and Monetary Community of Central Africa (CPC-TP-CEMAC), the Congolese Gatien Ondaye Obili, Advisor for monitoring and cash management to the Minister of Economy and Finance, Mr. Jean Baptiste Ondaye, will represent the Congolese State next year as President of this sub-regional community institution.

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.

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”.

Meeting in ordinary session, Wednesday October 4, 2023 in Douala (Republic of Cameroon), under the Chairmanship of Jean-Baptiste Ondaye, Minister of Economy and Finance of the Republic of Congo, the Ministerial Committee of the Monetary Union of the Central Africa (UMAC), adopted the Regulations relating to the approval of the standards of the QR Code, the Bill of Exchange and the Direct Debit as well as the 2022 Report of the Financial Stability Committee in Central Africa (CSF-AC).

Saturday September 30, 2023 in Brazzaville, Jean-Baptiste Ondaye, Minister of Economy and Finance of the Republic of Congo and current President of the Action Group against Money Laundering in Central Africa (GABAC), sponsored the work of the 12th Statutory Plenary of the said Group. In the presence, in particular, of his peers in charge of Finance, Justice and Security of the member countries of the Central African Economic and Monetary Community (CEMAC) and the Democratic Republic of Congo (DRC), member country associate, as well as the Permanent Secretary of GABAC, the Congolese André Kanga.

Jean-Baptiste Ondaye, Minister of Economy and Finance of Congo-Brazzaville and current President of the Action Group against Money Laundering in Central Africa (GABAC), opened, Friday September 29, 2023 in Brazzaville, the work of the 19th Plenary of the Technical Commission of the said Group. In the presence of André Kanga, Permanent Secretary of this institution of the Central African Economic and Monetary Community (CEMAC).

According to the press release, on the economic and financial situation of the member states of the Central African Economic and Monetary Community (CEMAC) in 2023 and the short-term outlook, the situation of foreign exchange reserves and the update on repatriation currencies, it appears that “in a context of slowdown in global economic activity and persistence of inflationary pressures, the Board of Directors has taken note of the risks weighing on the economic prospects of CEMAC. He urged member states and the BEAC to continue reforms aimed at strengthening the potential growth of the Zone and bringing inflation below the community standard of 3%.