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CEMAC: BDEAC claims an investment of $2.6 billion

05/12/2020
Source : financialafrik.com
Categories: Economy/Forex

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The Development Bank of Central African States (BDEAC) declares that over 45 years, it has invested more than 2.6 billion dollars, or about 1449 billion CFA francs, to carry out development projects in the six countries of the region.

The Development Bank of Central African States is positioned as one of the catalysts for progress in the countries of the Economic and Monetary Community of Central Africa (CEMAC) in its capacity as a community financial institution whose mission is to support d& economic and social development through project financing.

In

addition to implementing integrative projects, which are part of states' priorities, the bank has in particular focused its interventions in the fields of education, health, industry and agro-industry, agricultural and rural development, and television communications, road, port and airport infrastructures, and energy. An option that could boost trade, which is around 2% in Central Africa.



These achievements are part of the bank's missions, among others, “to promote the sustainable development of the CEMAC countries and to contribute to the economic integration of the countries of Central Africa, in particular through the financing of national and multinational investments and int& projects economic integration”.

In an inclusive context with the establishment of the African Continental Free Trade Area (ZECLAF), the role of the BDEAC as a vector of development seems more important, in line with the CEMAC Regional Economic Programme. With a registered capital of 1.2 trillion, the bank's financial results have been consolidated over the past three years with a scalable net banking product: 2.3 billion in 2017, 11.5 in 2018 and 14.3 billion in 2019.

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