Page 55 - PowerPoint ????

Extraordinary Summit of CEMAC

14. In addition, the Conference urged Member States and Community
institutions to take measures to shield banks from sovereign risk exposure,
in accordance with multilateral surveillance criteria. While commending the
contribution of the banking sector to development finance, it urged national
and regional supervisory authorities to take collective action to preserve a
sound and stable banking system.

15. Lastly, to enhance the stability of the CEMAC macroeconomic framework,
the Conference urged:

 development partners to (i) work towards the conclusion of reviews
of their Agreements with the Republic of Cameroon, the Central
African Republic and the Republic of Congo, (ii) ensure fiscal
adjustment with a social dimension and which preserves
investment, (iii) implement policies and structural reforms to
consolidate economic growth and monetary stability;

 other States to conclude, as soon as possible, formal programmes
with the IMF in order to benefit from its support and that of other
technical and financial partners.

16. The Conference renewed the commitment of States to a prudent debt
policy, with preference for concessional financing. It urged development
partners to strongly mobilize financial resources to support the structural
transformation of economies of the sub-region.

17. The Conference commended the successful replenishment of the World
Bank Group's IDA21 resources to the tune of 100 billion dollars and called
for the allocation of more substantial resources for the Sub-region, to bridge
the CEMAC zone’s major basic social infrastructure gap.

18. The Conference welcomed the proposal of the World Bank Group and the
African Development Bank to organize a Conference on energy sector
financing through Mission M300 in 2025.

19. At the end of their deliberations, the Heads of State extended their gratitude
to their Brothers H.E Paul BIYA, President of the Republic of Cameroon,
Summit Host, and H.E. Professor Faustin Archange TOUADERA,
President of the Central African Republic and current Chairperson of
the CEMAC Conference of Heads of State, for the wonderful initiative and
excellent organization of this Extraordinary Session of the Conference as

5

55

Novembre/Décembre – November/December 2024