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).

Wednesday July 5, 2023, at the headquarters of the Bank of Central African States (BEAC) in Brazzaville, the ordinary meeting of the National Economic and Financial Committee (CNEF) was held, chaired by Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, President of the CNEF. This session was attended by his colleague, Ludovic Ngatsé, Minister of Budget, Public Accounts and Public Portfolio, Marcel Ondélé, Deputy Secretary General of the Central African Banking Commission (COBAC) and, by videoconference, Michel Dzombala , Vice-Governor of the BEAC and Jacqueline Adiaba Nkembe, President of the Central African Financial Market Supervisory Commission (COSUMAF). It emerged from the session that economic activity should consolidate in 2023, with a real gross domestic product (GDP) growth rate of +2.3%.

The Steering and Monitoring Committee (COS) of the Debt Reduction-Development Contract (C2D) was held, for the 6th consecutive time, on Tuesday June 13, 2023 in Brazzaville. It took stock of the existence of the said Contract since 2010, in particular the recommendations and decisions of its last annual session in February 2022. The participants made recommendations for the future.

Thursday June 8, 2023, at the headquarters of the Integrated Public Sector Reforms Project (PRISP), supported by the World Bank, in Brazzaville, Audrey Alban Mapithy-Ma-Mapithy, Administrative and Legal Advisor (CAJ) to Jean-Baptiste Ondaye, Minister Congolese Minister of Economy and Finance, received and then officially handed over a donation of IT equipment. These are intended for the operation of the computerized system for verifying the legality of the marketing of wood from Congolese forests (SIVL).

On the High Instructions of His Excellency Mr. Denis Sassou-N'Guesso, President of the Republic of Congo and dedicated President of the Economic and Financial Reforms Program of the Economic and Monetary Community of Central Africa (PREF-CEMAC), Mr. Jean -Baptiste Ondaye, Congolese Minister of Economy and Finance of the Republic of Congo and President of the Ministerial Committee of the Central African Monetary Union (UMAC), paid, Thursday June 1, 2023, a working visit to Bangui, capital of the Central African Republic (CAR).

The Congolese Minister of Economy and Finance, Jean-Baptiste Ondaye, President of the Ministerial Committee of the Central African Monetary Union (UMAC), accompanied by Ludovic Ngatsé, Congolese Minister of Budget, Public Accounts and Portfolio public, and their French counterpart, Bruno Le Maire, Minister of the Economy, Finance and Industrial and Digital Sovereignty, co-chaired, Tuesday April 25, 2023 in Bercy (France), headquarters of the French Ministry of the Economy and Finance, the meeting of Finance Ministers of the CEMAC-France monetary zones in Paris. This meeting was preceded, the day before, Monday April 24, 2023, by that of the experts.