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2nd ordinary meeting of the CNEF-CONGO 2024

“The macroeconomic situation, at the national level, consolidated in the first quarter of 2024. It was driven by the revival of investments in the oil sector. This development resulted in a surplus in the overall budget balance based on commitments, excluding grants, and an increase in the money supply. As a result, economic activity is expected to consolidate in 2024, with a real gross domestic product (GDP) growth rate of +3.7%, compared to +1.5% in 2023.” This is one of the conclusions of the 2nd ordinary meeting of the National Economic and Financial Committee (CNEF) of the Republic of Congo, for the year 2024, chaired at the headquarters of the Bank of Central African States (BEAC), in Brazzaville, by the Minister of Economy and Finance, Mr. Jean-Baptiste ONDAYE.

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1st session-2024 of the National Investment Commission (CNI)

On Wednesday, July 10, 2024 in Brazzaville, 11 approval applications, or half of the 22 examined by the participants in the 1st session of the National Investment Commission (CNI) of the Republic of Congo, for the year 2024, received a ‘’favorable opinion without reservation’’. While 9 received a ‘’favorable opinion with reservations’’, and 2 others were ‘’adjourned’’. These are the conclusions of the work of this session held under the auspices of Mr. Athanase NGASSAKI, Director of Cabinet, representing the Minister of Economy and Finance, Mr. Jean-Baptiste ONDAYE, President of the CNI.

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3rd edition of the CEMAC Banker's Days

From Friday, June 28 to Saturday, June 29, 2024 in Brazzaville (Congo), the participants in the 3rd edition of the Banker's Days of the Economic and Monetary Community of Central Africa (CEMAC), debated around four themes, namely: "the banking system of the sub-region: excess liquidity of banks and treatment of banks in difficulty"; "cybercrime: elements of combating the vulnerability of banks"; "the opportunities of the African Continental Free Trade Area (AfCFTA): state of play and implication of the CEMAC banking system"; and "the Credit Information Bureau (BIC): interest and implementation".

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National Economic and Financial Committee (CNEF)-Congo

The National Economic and Financial Committee of Congo (CNEF) held its first ordinary meeting of the current year, Friday March 15, 2024, at the national headquarters of the Bank of Central African States (BEAC), in Brazzaville, underthe presidency of Mr. Jean-Baptiste ONDAYE, Congolese Minister of Economy and Finance. This session was attended by Ms. Ingrid Olga Ghislaine EBOUKA-BABACKAS, Minister of Planning, Statistics and Regional Integration, Mr. Ludovic NGATSE, Minister of the Budget, Public Accounts and Public Portfolio and by videoconference, Mr. Yvon SANA BANGUI, Governor of the BEAC, of ​​Central African nationality. The Committee noted an 11.1% increase in outstanding gross credits to the economy, to 1,635.5 billion CFA francs, and a slight increase in overdue debts of 1.4% to 256.1 billion CFA francs. 

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Continued clearance of the domestic commercial debt of the Republic of Congo

Saturday December 16, 2023 in Brazzaville, the Minister of Economy and Finance, Mr. Jean-Baptiste Ondaye, received in audience the leaders of the employers' unions. The concern that led to this meeting was Decree No. 2023-1579, of September 19, 2023, setting out the terms of reimbursement of domestic commercial and social arrears.

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2nd session of the National Investment Commission (CNI)

Wednesday, November 29, 2023 in Brazzaville, Mr. Athanase Ngassaki, Chief of Staff, representing Mr. Jean-Baptiste Ondaye, Minister of Economy and Finance and President of the CNI chaired, in the meeting room of the said ministry, the work of the second session of the National Investment Commission (CNI), in the presence of Mr. Franck Mondesir Mbouayila Tsassa, Director General of the Economy and Permanent Secretary of the CNI.

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Handover and installation of Advisors to the Minister of Economy and Finance

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.

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Training seminar for human resources managers (HRM) of the Ministry of Economy and Finance

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”.

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Afritac-Centre/Directorate General of the Economy (DGE) Opening of the Workshop to strengthen macroeconomic and budgetary framework mechanisms

Athanase Ngassaki, Chief of Staff of Jean-Baptiste Ondaye, Minister of Economy and Finance, opened, Monday May 8, 2023 in Brazzaville, the work of the Workshop on strengthening macroeconomic and budgetary framework mechanisms, at the at the location of Public Administrations and the technical secretariat of the Macroeconomic and Budgetary Framework Committee (CCMB), in the presence of Franck Mondesir Mbouayila Tsassa, Director General of the Economy. The work is led by Severin Yves Kamgna, Resident Advisor of Afritac Center and Samuel Tchioutchoua Lenou, expert at the International Monetary Fund (IMF).
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First session of the National Investment Commission (CNI) for the year 2023

On Saturday April 1, 2023 in Brazzaville, Athanase Ngassaki, Chief of Staff, representing Jean-Baptiste Ondaye, Minister of Economy and Finance, and President of the National Investment Commission (CNI), opened the work of the first session of said Commission for the year 2023. In the presence of Ferdinand Sosthène Likouka, Chief of Staff of Mrs. Ingrid Olga Ghislaine Ebouka-Babackas, Minister of Planning, Statistics and Regional Integration; and Franck Mondesir Mbouayila Tsassa, Director General of Economy and Permanent Secretary of the CNI. 24 requests, representing 2.572 billion 52 million 836.394 F CFA of investment intentions to be realized and 3578 jobs to be created, were examined.
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