CEMAC: Economy Ministers Discuss Integrative Projects
The 39th ordinary session of the Council of Ministers of the Economic Union of Central Africa, (UEAC) has opened in Yaounde with Ministers from all member countries attending.
The Council of Ministers of the Economy from Cameroon, Central Africa Republic, Chad, Equatorial Guinea and Gabon.
The Yaounde meeting is chaired by Cameroon’s Minister of the Economy, Planning and Regional Development, Alamine Ousmane Mey, in his capacity as President of the Council of Ministers of UEAC.
The Ministers are examing priority projects to foster integration and the prosperity of the subregional block composed of six member countries.
The projects examined will be submitted to the Conference of Heads of State and Government of CEMAC for sub Regional leaders to make their decision scheduled for Friday March 17, 2023 in Yaounde.
The host Minister pointed out that the meeting is holding within a context marked by the aftermath of multiple crises have affected CEMAC economies.
Among the pointes include challenges relating to the fall in oil prices, the COVID-19 pandemic and the Russia/Ukraine war.
Discusions during the UEAC Council of Ministers covers topics including
– CEMAC reforms related to the governance of the Community, in particular the state of implementation of the principle of rotation instituted at the level of all the organs, Institutions and Specialized Institutions of the CEMAC following the abrogation of the consensus from Fort Lamy;
– Community funding through the Community Integration Tax (TCI);
– The individual measures linked to the end of the mandate of the first heads of the Community Institutions.
The 39th ordinary session of the Council of Ministers of the Economic Union of Central Africa, (UEAC) will last two days.