International Monetary Fund (IMF) Regional Technical Assistance Center for Central Africa (Afritac-Centre)
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From Monday February 13 to Tuesday February 21, 2023, a team from the World Bank (WB) is staying in Brazzaville (Republic of Congo), for an identification mission with a view to preparing the second budget support operation of this international financial institution of Bretton Woods for the Republic of Congo. This mission was received at an initial meeting by the Minister of Economy and Finance, Jean-Baptiste ONDAYE, and his colleague from the Budget, Public Accounts and Public Portfolio, Ludovic NGATSE.
Jean-Baptiste Ondaye, Congolese Minister of Economy and Finance, opened, Tuesday, January 31, 2023 in Brazzaville, the meeting to present the conclusions of the joint mission led by the International Monetary Fund (IMF) and the World Bank (WB). ), on the assessment of Public Investment Management (PIM), including the consideration of climate change in the Republic of Congo (PIMA/C-PIMA, for short). In the presence of Nicolas Million, Resident Representative of the IMF in Congo, and Claude Wendling, Head of Joint Mission, and Principal Economist at the IMF.
The Minister of Economy and Finance, Jean-Baptiste Ondaye, has been appointed head of the ministerial committee of the Central African Monetary Union (Umac) for a one-year term, at the end of a meeting of the community institution held on 22 December in Douala, Cameroon.
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).
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.
From Wednesday 21 September to Tuesday 4 October 2022, a technical mission of IMF experts, led by Pritha Mitra, represented in Congo by the Chief Economist, José Sulemane, is in Brazzaville. The purpose of the mission is to prepare the second review of the three-year agreement under the Extended Credit Facility (ECF), concluded in January 2022, between Congo and the Bretton Woods Institution.
Rigobert Roger Andely, Congolese Minister of Finance, Budget and Public Portfolio, François Barateau, French Ambassador to Congo, and Maurizio Cascioli signed a credit agreement on Friday 24 June 2022 in Brazzaville, enabling France to provide Congo with budgetary support of 67.5 million Euros, or CFAF 44.3 billion, over the period from 2022 to 2024.
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