The work of the 12th session of the Permanent Framework for Consultation of Public Treasuries of the Economic and Monetary Community of Central Africa (CPC-TP-CEMAC), which is held under the theme: ‘’Strengthening transparency and financial governance on the CEMAC Treasury Securities Market, for the expansion of the investor base: state of play, constraints and perspectives’’, were opened on Tuesday, December 3, 2024, at the Twin Towers of Brazzaville, by its outgoing President, the Congolese Gatien ONDAYE OBILI, advisor on monitoring and management of the treasury of the Minister of Economy and Finance. He was accompanied by the Director General of Public Accounting and the Treasury of Gabon, Mr. Luther Steeven ABOUNA YANGUI, incoming President, who will succeed him as the annual rotating president of the CPC-TP-CEMAC in 2025.

At the opening of the work of these meetings, which mark the end of his 2024 term, Mr. Gatien ONDAYE OBILI, in his summary speech, included to his credit “the creation of four thematic groups, aimed at further structuring the 3 responses to the problems and challenges facing the CEMAC Treasury Securities Market (MVT) and, thus, to further energize it.These are the following groups: Working Group No. 001, responsible for developing a Regional Strategy for minimizing the costs of resources raised on the CEMAC Treasury Securities Market, created by Decision No. 001/2024 of the President of the CPC-TP-CEMAC of August 1, 2024; Working Group No. 002, responsible for developing a Regional Mechanism for an efficient contribution of the Treasury Securities Market to the financing of national development plans in CEMAC countries, created by Decision No. 001/2024 of the President of the CPC-TP-CEMAC of August 1, 2024;Working Group No. 003, responsible for developing the Regional Mechanism for the International Promotion of the CEMAC Treasury Securities Market, created by Decision No. 001/2024 of the President of the CPC-TP-CEMAC of August 1, 2024; and Working Group No. 004, responsible for developing the Regional Mechanism for Strengthening the Organizational Capacity of Entities in the CEMAC Ecosystem, created by Decision No. 001/2024 of the President of the CPC-TP-CEMAC of August 1, 2024.”

Participants in this four-day session, which will end on Friday, December 6, 2024, will discuss several sub-themes, divided into special communications, panels and focuses. Among which: “Organization, institutional framework and management of a public securities market in a monetary union, challenges of a domestic market, achievements, current limits and prospects: case of the West African Economic and Monetary Union (WAEMU)”; “Transparency relating to the capacity and willingness of sovereign issuers to honor their commitments: current status, constraints and prospects for African financial centers”; “Challenges and operating mechanism of the financial rating of States in the face of risks and challenges associated with the mobilization of resources and debt management”; “Transparency relating to the capacity and willingness of sovereign issuers to honor their commitments: current status, constraints and prospects for CEMAC”;“CEMAC multilateral surveillance mechanism: current status, challenges and prospects for broadening the investor base on the regional treasury securities market”; "Statistical apparatus of CEMAC States and institutions: inventory and avenues for streamlining data collection and dissemination to broaden the investor base on the Regional Treasury Securities Market";…

It should be noted that the Brazzaville meeting will also be marked by a special day devoted to the assessment of the 13 years of the CEMAC MVT (2011-2024) and two phases of free meetings of the Bank of Central African States (BEAC) with the Market's stakeholders and partners (intermediaries and investors; Treasury Value Specialists-SVT; Portfolio Management Companies-SGP; institutional investors; sovereign issuers; private investors; market institutions; and partners of the CEMAC financial center).

The Communication Unit of the Ministry of Economy and Finance

Photo credit: B2B Communication