Friday, March 22, 2019

Paul and Chantal Biya preparing to jet out of Yaoundé this weekend

The head of the Cameroonian state should leave Yaoundé this weekend, along with his wife. He will participate with his counterparts in the subregion at the 14th summit of CEMAC.

From 22 to 24 March in the Chadian capital, will be held the 14th Extraordinary Summit of the Conference of Heads of State of the Central African Economic and Monetary Community (CEMAC).

For this meeting, Chadian President Idriss Déby Itno invited all the heads of state of the Central Africa subregion. It's about "their Excellencies MM. Paul Biya of Cameroon, Faustin Archange Touadera of the Central African Republic, Denis Sassou Nguesso of Congo, Ali Bongo Ondimba of Gabon and Obiang Nguema Mbasogo, will lead high-level delegations to this work.

According to several concordant information, the Cameroonian president will leave the capital Yaoundé this weekend to participate in the work of this summit articulate around the theme: "Revitalize regional integration and restore security in the CEMAC area for strengthening economic reforms."

This meeting of high profiles focuses on the economy of the sub-region. Heads of State will consider: Reviewing the level of implementation of the resolutions of the Extraordinary Session of 25 October 2018 to revive the economies of member countries, the assessment of the progress of the Reform Program institutional and the review of Cemac's financing mechanisms through the recovery of the Community Integration Tax.

This 14th session of the Conference of Presidents of CEMAC is also a meeting of the evaluation of economic and financial programs (PEF) to which the six member countries are subjected since 2017.

It was indeed in December 2016 that President Paul Biya of Cameroon gathered his peers in Yaoundé for an emergency meeting on the economic situation, marked in particular by the fall in international oil prices.Falling oil revenues were the main source of revenue in CEMAC.

Under PEF with the International Monetary Fund (IMF) the CEMAC countries have since held no less than 4 evaluation meetings. The last one attended by President Paul Biya was the one held in October 2017 in Ndjamena.