BEAC reorganises new monetary mechanism

BUSINESS 03 Dec 2018
BEAC reorganises new monetary mechanism

By Ndumbe Bell Gaston In Douala
The Central Bank of CEMAC countries, BEAC and other financial stakeholders, did meet in Douala to evaluate the rudimentaries of reinforcing a coherent mechanism to create a more lucrative financial fabric that will be flexible and acceptable to all their needs and also have acceptable international standards.
To achieve these and other goals, members understudied some of the achievements of the 2014 recommendations which had as objective the harmonisation of CEMAC bank to bank markets, reshaping the balance sheet, and the prospects in the decades ahead.

BEAC’s Abbas M. Tolli

BEAC’s Abbas M. Tolli

In the sitting that kick-started November 19 and ended in November 23, issues in information sharing, the need for statistical and other back-ups like data collection, were discussed so that solutions could be found to rejuvenate a new financial scenery that will be, globally embraced by regional and international stakeholders and standards.
The new BEAC mechanisms to improve and boost the financial equilibrium had to be sensitized. Issues on diversifying the management of the February 12 – 14, 2014 session of improving the management of monetary policy, were ironed out.
The Governor of the Central Bank Abbas Tolli’s representative who is Director- General of studies, International Relations and Finance remarked at the end that their objectives were attained.

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