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PREF-CEMAC
The PREF-CEMAC is the Economic and Financial Reform Program of the Economic and Monetary Community of Central African States (from its French form, Programme des Reformes Économiques et Financières de la Communauté Économique et Monétaire de l'Afrique centrale). It is an institution set up in 2016 to respond to the shock caused to the economies by the fall in oil prices on the six CEMAC member countries (Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of Congo), five of which are dependent on petroleum exports for a large share of fiscal revenue and foreign currency receipts. Institutional structure At the time it was set up, Congo President Sassou-N'Guesso was selected as President of the PREF-CEMAC (and remains so as of late 2024). He chairs a Steering Committee made up of two government ministers from each of the six countries, plus the heads of the CEMAC commission, the regional central bank, and other regional bodies. There is a Monit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CEMAC
The Economic and Monetary Community of Central Africa, generally referred to by its French acronym CEMAC (for Communauté Économique et Monétaire de l'Afrique Centrale; ), is an organization of states of Central Africa established by Cameroon, Central African Republic, Chad, the Republic of the Congo, Equatorial Guinea and Gabon to promote economic integration among countries that share a common currency, the Central African CFA franc. There is a strong overlap between CEMAC and Economic Community of Central African States (ECMAS) in the areas of membership and mandates. CEMAC's common institutions include its Council of Heads of State () and Council of Ministers; a Commission in Bangui, Court of Justice in N'Djamena, and Parliament in Malabo; the Bank of Central African States (BEAC) in Yaoundé; the Central African Banking Commission (COBAC) and Central African Financial Market Supervisory Commission (COSUMAF), both in Libreville; and the Development Bank of the Central Af ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Denis Sassou Nguesso
Denis Sassou Nguesso (born 23 November 1943) is a Congolese politician and former military officer who has served as president of the Republic of the Congo since 1997. He also previously served as president from 1979 to 1992. Sassou Nguesso headed the Congolese Party of Labour (PCT) for 12 years during his first period as president. His daughter Edith Lucie Bongo married Gabonese President Omar Bongo in 1989. He introduced multiparty politics in 1990, but was stripped of executive powers by the 1991 National Conference, remaining in office as a ceremonial head of state. He stood as a candidate in the 1992 presidential election but placed third. Sassou Nguesso was an opposition leader for five years before returning to power during the Second Republic of the Congo Civil War, in which his rebel forces ousted President Pascal Lissouba. Following a transitional period, he won the 2002 presidential election, which involved low opposition participation. He was re-elected in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and Grant (money), grants to the governments of Least developed countries, low- and Developing country, middle-income countries for the purposes of economic development. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In its early years, it primarily focused on rebuilding Europe. Over time, it focused on providing loans to developing world countries. In the 1970s, the World Bank re-conceptualized its mission of facilitating development as being oriented around poverty reduction. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Africa
Central Africa ( French: ''Afrique centrale''; Spanish: ''África central''; Portuguese: ''África Central'') is a subregion of the African continent comprising various countries according to different definitions. Middle Africa is an analogous term used by the United Nations in its geoscheme for Africa and consists of the following countries: Angola, Cameroon, Central African Republic, Chad, Democratic Republic of the Congo, Republic of the Congo, Equatorial Guinea, Gabon, and São Tomé and Príncipe. The United Nations Office for Central Africa also includes Burundi and Rwanda in the region, which are considered part of East Africa in the geoscheme. These eleven countries are members of the Economic Community of Central African States (ECCAS). Six of those countries (Cameroon, Central African Republic, Chad, Equatorial Guinea, Gabon, and Republic of the Congo) are also members of the Economic and Monetary Community of Central Africa (CEMAC) and share a common currency, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
