Economy

At IMF, World Bank Annual meetings: BEAC discusses public finance sustainability, new partnership.

BEAC officials alongside representatives of international financial organizations

The Bank of Central African States, BEAC, has used this month’s annual meetings of the International Monetary Fund, IMF, and the World Bank to discussed financial sustainability and engage new institutions on potential partnerships.
The Governor of BEAC, Yvon Sana Bangui, led the institution’s delegation to the meetings in Bangkok, Thailand from October 12 to 18.

In a release on the nature of discussions and other possible partnerships negotiated on the sidelines of the global gathering, BEAC Governor situated the interest of Central Africa given the challenging international context.

Sana Bangui noted that, exchanges touched on global economic developments Artificial Intelligence, AI, development, debt vulnerabilities and access to financing.

Within the Central African Economic and Monetary Community, CEMAC, Sana Bangui in his release noted that, the task remains that of “ensuring the sustainability of public finances and debt, attracting capital to priority sectors”.

Some of the sectors he mentioned included; infrastructure, energy, exploiting AI-powered opportunities, industrialisation and risk management.

With the rising cost of borrowing on the international market, Sana Bangui and partners, the release noted, looked at the need for transparency in the management of public finances.

Actors encountered, he further noted in the communique, agreed on the imperative to strengthen national and sub-regional financial markets to be able to mobilise domestic capital to finance major development projects.

Beyond strengthening ties, Sana Bangui said during meetings with IMF and World Bank officials, CEMAC’s macroeconomic outlook came under review.

He noted that, he used the exchanges to update the IMF and World Bank teams on measures taken by CEMAC countries to sustain macroeconomic stability.

On this note, Sana Bangui said the Bretton Woods institutions restated their interest to continue supporting CEMAC countries renew its financial security guarantees and macroeconomic tranquility, realize structural projects and implementation of guidelines of the Heads of State of the sub region.

Yvon Sana Bangui, BEAC Governor during one of several meetings

Encounters with other financial partners

According to Sana Bangui, “BEAC also held constructive discussions with representatives from select banking groups”.

He mentioned among others Ecobank, Standard Chartered Bank, JP Morgan, Industrial and Commercial Bank of China, Banque de France, French Treasury, Africa Finance Corporation, Afreximbank, African Rural and Agricultural Credit Association.

He explained that exchanges touched on potential partnerships and support for structural adjustments within CEMAC.

The Governor quipped that IMF-World Bank annual meetings, “enabled BEAC to strengthen its dialogue with Bretton Woods institutions and technical and financial partners on CEMAC priorities”.

This, he added, was achieved in addition to vital contributions to economic discussions on the stability of the global economy. BEAC, he added, also added its voice to the development of innovative financing mechanisms.

This article was first published in The Guardian Post Edition No:3955 of Friday October 30, 2026