Multinational - Project to Support the Central African Unified Financial Market

Project Summary

Approval Date 27 Dec 2020
Planned Completion Date 31 Dec 2023
Last Disbursement Planned Date 31 Dec 2022
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category 3
Commitment U.A 690,591.35
Status Approved

Project General Description

The proposed operation concerns a grant of 976,000 euros from the African Development Bank (AfDB) from the resources of the Technical Assistance Fund for Middle Income Countries (TAF-MIC) and FAPA to finance the Support Project for the Start-up of the Unified Central African Financial Market. This support is in line with the Bank's Strategic Framework for Regional Integration for the period 2018-2025, particularly in its Pillar III on financial integration. The objective of this pillar is to help Financial Institutions to become regional players and develop a regional financial system aimed at mobilizing more domestic savings to meet the needs of the productive sector. It is also aligned with the Regional Integration Strategy Paper for Central Africa (DSIR-AC) for the period 2019-2025. The Programme is structured around three components, namely, the operationalisation of the unified financial market, the mobilisation of domestic savings and the strengthening of human capital on stock market instruments. This intervention will be complemented by those of the other technical and financial Partners, in particular the International Monetary Fund and the World Bank.

Project Objectives

The specific objectives of the Central African Unified Financial Market Support Project (PAMFUAC) is to contribute to the modernisation of the Regional Financial Market (RFM) in order to improve financing of the economic activities by supporting regional financial institutions and capacity building for key market players. The project will stimulate the deepening of the regional financial market through a series of reforms aimed at (i) further developing the government securities market; (ii) encouraging the growth of long-term domestic savings; (iii) improving stock exchange listing conditions in order to stimulate IPOs and corporate bondsissuances; and (iv) building the capacities of market institutions and players.


Les bénéficiaires directs du PAMFUAC sont les principales parties prenantes du RFM telles que le Dépositaire Central et Gestionnaire des Titres de l'Etat (CRCT), la Bourse des Valeurs Mobilières de l'Afrique Centrale (BVMAC), le Régulateur Régional des Marchés Financiers (COSUMAF), la CIMA, la BEAC, les PD et acteurs du marché monétaire. Les bénéficiaires indirects du PAMFUAC sont les opérateurs économiques, les États de la CEMAC et l'ensemble de la population de la CEMAC qui bénéficieront des retombées économiques (emploi des jeunes et des femmes, et opportunités d'affaires) et sociales (réduction de la pauvreté) grâce à un meilleur accès au financement.

Participating Organization

Fund for African Private Sector Assistance


IATI identifier 46002-P-Z1-H00-070
Last Update 03 Oct 2022


Contact Details


Geographic Location

Country Multinational
Coordinates Location Name
4.36122 18.55496 Bangui
3.86667 11.5167 Yaoundé