The National Economic and Financial Committee met in ordinary session, Friday, November 24, 2023, at the headquarters of the National Directorate of the Bank of Central African States (BEAC) in Brazzaville, under the chairmanship of Mr. Jean-Baptiste Ondaye, Minister of Economy and Finance. This session was attended by Ms. Ingrid Olga Ghislaine Ebouka-Babackas, Minister of Planning, Statistics and Regional Integration; of MM. Ludovic Ngatsé, Minister of Budget, Public Accounts and Public Portfolio, Mr. Michel Dzombala, Vice-Governor of the BEAC, and Marcel Ondelé, Deputy Secretary General of the Central African Banking Commission (COBAC).

Thursday, November 23, 2023 in Brazzaville, Mr. Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, signed a loan agreement of 92 million Euros (or approximately 60 billion CFA francs) with the African Bank of Development (AfDB), represented by its Deputy Director General for Central Africa, Mr. Solomane Kone.

Tuesday, November 21, 2023, the African Governors of the International Monetary Fund (IMF) held their meeting by videoconference. The discussions focused on the question of the 3rd Chair for Sub-Saharan Africa (SSA) on the Board of Directors of this international financial institution.

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.

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%.

The Congolese Minister of Economy and Finance, Jean-Baptiste Ondaye, President of the Central African Monetary Union (UMAC) and Chairman of the Board of Directors of the Bank of Central African States (BEAC) , chaired an ordinary session of the said Council, Thursday July 20, 2023, in Douala (Cameroon).