André Lema, Second Duly Authorized Representative of the Treasury, representing Albert Ngondo, its Director General, opened on Wednesday, December 14, 2022 in Brazzaville, the third session of the deployment process of the AMS/X Application in the six countries of the CEMAC Zone (Economic and Monetary Community of Central Africa), devoted to the reform of the Single Treasury Account (CUT) of Congo, in the presence of Serge Dino Daniel Ngassackys, National Director of the Bank of Central African States (BEAC); Gaëtan Edouard Iloy, Director of Information Systems (DSI) of the Ministry of Economy and Finance; and several executives of the Public Treasuries of the five other countries of the sub-region.

The reform of the Single Treasury Account is the reform that meets the requirements of both the countries of the CEMAC zone and development partners, including the International Monetary Fund (IMF) and the World Bank (WB). It allows for better security and better spending of public revenues. 

‘’The single cash register means that there will no longer be this multiplicity of accounts that State entities have opened in primary banks. From now on, these entities will have accounts at the BEAC or central bank. But the single Treasury Fund will be like a funnel where all the State's resources will converge. This will allow the Treasury to play its role fully, because it will have a better visibility of resources, for an appropriate management of the State's cash, in space and time’’, said André Lema.   

The Brazzaville session comes after those of Yaoundé (Cameroon), held in November, and Libreville (Gabon), which took place from 5 to 9 December 2022.

The Communication Unit of the Ministry of Economy and Finance