On November 16 in Paris, the  African Development Bank (AfDB) indicated its expectations of the round table intended to raise 3.4 billion euros (2,205.04 billion FCFA) for projects integrating transport and energy infrastructure in the six member countries (Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad) of the Economic and Monetary Community of Central Africa (CEMAC).

"Through its Regional Integration Strategy for Central Africa, the AfDB expects intraregional trade to triple from 2% to 6% by 2025. The investments are UA 3.2 billion (US$4.4 billion) in regional projects, with increased partnership with other donors and the private sector," the financial institution said.

She said that as the leader of the technical and financial partners for the development of infrastructure in Central Africa, it has already provided support for the realization of the studies necessary for the maturation of many projects included in the Consensual Master Plan for Transport in Central Africa (PDCT-AC), which is the subject of this round table.

Over the period 2015-2019, the Bank states that it has already mobilized €1.13 billion (CFAF 768 billion) for transport sector projects in Central Africa. About 30% of this funding was devoted, mainly, to the development and renovation of road corridors between States of the CEMAC sub-region.

"The Bank will build on its leadership in infrastructure development, dialogue and capacity building to attract co-financing, accelerate economic diversification, strengthen governance and facilitate structural transformations in Central Africa," said Solomane Koné (photo), AfDB Acting Director General for Central Africa.

S.A.

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16-11-2020-CEMAC integrator projects: more than 465 billion FCFA already mobilized, 2,205 billion still sought