Multinational - Projet d’Appui au Démarrage du Marché Financier Unifié d’Afrique Centrale (Projet AMFUAC)


Project Summary

Approval Date 21 Nov 2019
Signature Date 21 Dec 2019
Planned Completion Date 30 Apr 2023
Last Disbursement Planned Date 01 Dec 2022
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Commitment U.A 783,328
Status Approved

Project General Description

The present intervention is related to the Support Project for the Start-up of the Central African Unified Financial Market (AMFUAC Project). It aims to support strategies for accessing domestic resources to meet financing needs. This support is in line with the Bank's Strategic Framework for Regional Integration and should 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 Central Africa Regional Integration Strategy Paper (CARISP-AC) for the period 2019-2025. The project will have three components, namely : (i) the operationalization of the unified financial market, (ii) the mobilization of domestic savings and (iii) the strengthening of human capital on stock market instruments.

Project Objectives

The overall objective of the AMFUAC project is to support strategies for access to domestic resources to meet the financing needs of CEMAC States in their process of structural transformation and diversification of their economies.

Beneficiaries

The main beneficiaries of the project are the Economic and Monetary Community of Central Africa (CEMAC) member countries.

Participating Organization

Funding
Middle Income Countries Fund
Implementing
BANQUE DES ETATS DE L#AFRIQUE CENTRALE

Information

IATI identifier 46002-P-Z1-H00-072
Last Update 07 Aug 2020

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Contact Details

Name MBENG MEZUI Cedrique Achille
Email c.mbengmezui@afdb.org

Geographic Location

Country Multinational