Economic and Monetary Community of Central Africa

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Topic: Economic and Monetary Community of Central Africa

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	The Namibian Africa News Gabon summit on unrest in Central Africa to resume
		The summit in Gabon is being held under the auspices of a different African body, the Economic and Monetary Community of Central African States (CEMAC), at Bongo's initiative.
		Patasse on Monday attended a summit in Khartoum, where heads of state decided to create a CAR peacekeeping force made up of troops from the 16 nations of the Community of Sahel-Saharan States (COMESSA).
		The summit brings together CAR President Ange-Felix Patasse, subject of a failed coup bid in May and Chad's President Idriss Deby, who early last month gave political asylum to the CAR's former armed forces chief of staff, General Francois Bozize, who was linked to the coup attempt.
	www.namibian.com.na /2001/December/africa/012D42F9AB.html

	Introduction to World Statesmen
		Monetary and Economic Community of Central Africa; formerly the Central African Customs and Economic Union (UDEAC)
		Economic Community of Central African States (ECCAS); Communaute Economique des Etats d�Afrique Centrale (CEEAC)
		Andean Community of Nations, formerly known as the Andean Group (AG)
	www.worldstatesmen.org /INTRO.html

	EUROPA - Development - Countries - Central African Republic
		The CAR hosts one regional organisation, the CEMAC (the Central African Economic and Monetary Community), charged with the economic integration of the Cameron, Gabon, Equatorial Guinea, Chad, Congo and the CAR.
		It also forms part of the CEEAC (The Economic Community of Central African States), the seat of which is in Libreville and which includes, in addition to the six countries of the CEMAC, the Democratic Republic of the Congo (DRC), Angola, Sao Tome and Principe, Burundi and Rwanda.
		The Central African Republic, one of the poorest countries in the world, has experienced numerous coups and mutinies since independence from France in 1960.
	europa.eu.int /comm/development/body/country/country_home_en.cfm?cid=cf&lng=en&status=new (1632 words)

	Foreign & Commonwealth Office Country Profiles
		Central African Republic is a member of the Central African Economic and Monetary Community (CEMAC), along with Cameroon, Chad, Equatorial Guinea, Gabon and Congo-Brazzaville.
		Libyan and MLC troops have left the CAR, while the peacekeeping force from the Central African Economic and Monetary Community (CEMAC) deployed to Bangui in December 2002 is still present, reinforced by Chadian forces.
		Bokassa had virtually absolute power: he declared himself President for life in 1972, and in 1977 crowned himself Emperor of the Central African Empire.
	www.fco.gov.uk /servlet/Front?pagename=OpenMarket/Xcelerate/ShowPage&c=Page&cid=1007029394365&a=KCountryProfile&aid=1019661595190 (1632 words)

	Growing demand for African ratings
		The report also includes a discussion of the West African Economic and Monetary Union (WAEMU) and the Central African Economic and Monetary Community (CEMAC), which have had some success in prompting economic reforms and fiscal discipline among their member states through collective surveillance.
		As in the first edition, the report incorporates summary analyses of all the 13 sovereigns in Africa that have been assigned ratings by Standard and Poor's, and of the African Development Bank (AAA/Stable/A-1+), the continent's flagship multilateral development finance institution.
		Copies of the report entitled "Sovereign Ratings in Africa," which also contains further information on the joint Standard and Poor's/UNDP initiative, can be found on Standard and Poor's public Web site at www.standardandpoors.com.
	www.sundaytimes.co.za /zones/sundaytimesNEW/business/business1096520145.aspx (1632 words)

	Economic Commission for Africa
		Furthermore, the Commission undertook studies on the rationalization and harmonization of regional economic groups in West and Central Africa in the context of the establishment of the West African Economic and Monetary Union and the Central African Economic and Monetary Union.
		With the coming into force in May 1994 of the Abuja Treaty establishing the African Economic Community, the Commission intensified its efforts in support of the implementation of the Treaty.
		The Commission implemented four important projects in the transport and communication sectors: human resource and institution development in transport and communications; a transport database; the reactivation of the Trans-African Highway Bureau; and the Yamoussoukro Declaration on a new air transport policy for Africa.
	www.un.org /Docs/SG/SG-Rpt/ch3d-1.htm (1632 words)

	Index of Economic Freedom 2004 - Countries
		The Central African Republic is a member of the Central African Economic and Monetary Community (CEMAC), which also includes Cameroon, Chad, the Republic of Congo, Equatorial Guinea, and Gabon.
		This new code…is designed to open up the country to foreign investors while complying with the treaty creating the Central African states economic and monetary community&;.
		Three military mutinies in 1996 and 1997 were suppressed with the aid of a French-funded African peacekeeping force, which was succeeded by a United Nations peacekeeping mission that left in 2000 after overseeing the 1998 legislative elections and 1999 presidential elections.
	cf.heritage.org /index2004test/country2.cfm?id=CentralAfricanRepublic (1137 words)

	South Africa's relationship with the International Community - Guide to Importing into South Africa
		The fundamental objective of EU is to establish a common market, economic and monetary union.
		CACM was established in 1960 by the General Treaty of Central American Economic Integration.
		The overall objective is to obtain the highest sustainable economic growth and employment and rising standard of living in member countries while maintaining financial stability and thus contribute to the world economy.
	www.mbendi.co.za /import/sa/agree_int.htm (2926 words)

	BBC NEWS Africa Country profiles Profile: African Union
		There are ambitious plans to set up a human rights court, a central bank and monetary fund, and by 2023, an African Economic Community with a single currency.
		The African Union, or AU, is a pan-African organisation whose goal is to propel a united continent towards peace and prosperity.
		The AU inaugurated a pan-African parliament in March 2004 - one of a number of proposed institutions.
	news.bbc.co.uk /2/hi/africa/country_profiles/3870303.stm (2926 words)

	Refugees International: Articles: Forgotten People: The Central African Republic
		The militias have refused to surrendered their weapons or disarm to the Central African Economic and Monetary Community (CEMAC) peacekeeping force.
		The Central African Republic (CAR) suffers from being a small country of little political or economic interest to the larger powers that determine when and how the world responds to humanitarian crises.
		Located north of the Democratic Republic of Congo (DRC) in the geographic center of Africa, the CAR, which is about the size of the U.S. state of Texas, is bordered by Cameroun, Chad, Sudan and Congo.
	www.refugeesinternational.org /content/article/detail/963 (955 words)

	France-diplomatie [Actualité diplomatique]
		The minister is due to have talks with the president and will attend an official luncheon where she will meet with several heads of state of the Central Africa Economic and Monetary Community (CEMAC).
		The special CEMAC summit on the Central African Republic, which was held in Libreville on June 3, is an important stage in the process of reconstruction and return to constitutional legality which the country has begun.
		Prime Minister Martin Ziguele of the Central African Republic will meet with Charles Josselin, Minister Delegate for Cooperation and Francophony, on April 23.
	www.france.diplomatie.fr /actu/actutxt.asp?DOS=23375 (955 words)

	BBC NEWS Africa Q&A: Central African Republic elections
		Troops from the regional Central African Economic and Monetary Community have pledged to help the national army provide security during the polls.
		President Bozize called simultaneous presidential and parliamentary polls in December 2004, setting 30 January 2005 as the election date, but then attempted to bar seven of his rivals from standing against him, which caused concern regionally.
		Though he pledged new elections when the security situation improved, the vote was delayed for two years due to instability in the north of the country.
	news.bbc.co.uk /2/low/africa/4340777.stm (955 words)

	African Studies: West Africa
		ECOWAS--Economic Community of West African States In Brief (The International Monetary Fund, Washington, DC)
		"Sudanic Africa is an international academic journal devoted to the presentation and discussion of historical sources on the Sudanic belt, the area between the Sahara and the Bay of Niger, the Atlantic and the Indian Oceans.
		National Democratic Institute for International Affairs: Activities in Central and West Africa (Washington, DC)
	www.columbia.edu /cu/lweb/indiv/africa/cuvl/West.html (5659 words)

	Economic Community of West African States
		Guinea is the source of several major West African rivers (including the Gambia and Niger Rivers) and has a hydroelectric potential (technically feasible) estimated at 19,400 Gigawatthours per year (Gwh/yr).
		West Africa's total installed electric generating capacity was 9.4 gigawatts (GW) at the beginning of 2001, the majority of which is thermal (see Table 5).
		The West African Power Pool (WAPP) agreement reaffirmed the decision to develop energy production facilities and interconnect their respective electricity grids.
	www.eia.doe.gov /emeu/cabs/ghana.html (5659 words)

	Africa - Coins of West African States
		The current coins of the West Afrcian States are those issued by the Central Bank of the West African States (Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO)) and circulated in the member countries of the West African Economic and Monetary Union (WAEMU).
		At this time though the other former members of French West Africa did join the French Community and in 1960 these states (except for Mali, which at this time severed all ties with France) and the once French controlled part of Togo each attained independence.
		The 1957 dated coins of French West Africa include �TOGO� in the legends to point out that these coins were actually for use in Togo as well as French West Africa.
	www.wbcc.fsnet.co.uk /af-was.htm (5659 words)

	Foreign & Commonwealth Office Country Profiles
		Central African Republic is a member of the Central African Economic and Monetary Community (CEMAC), along with Cameroon, Chad, Equatorial Guinea, Gabon and Congo-Brazzaville.
		Chad borders the north of the country, with Sudan to the east, Democratic Republic of Congo and Republic of Congo to the south, and Cameroon to the west.
		After several days of fighting, and with the intervention of Jean-Pierre Bemba’s MLC troops from the neighbouring Democratic Republic of Congo, the rebel troops were forced to retreat to the north of the country, from where they launched their successful assault in March.
	www.fco.gov.uk /servlet/Front?pagename=OpenMarket/Xcelerate/ShowPage&c=Page&cid=1007029394365&a=KCountryProfile&aid=1019661595190 (2463 words)

	France-diplomatie [Actualité diplomatique]
		The minister is due to have talks with the president and will attend an official luncheon where she will meet with several heads of state of the Central Africa Economic and Monetary Community (CEMAC).
		The special CEMAC summit on the Central African Republic, which was held in Libreville on June 3, is an important stage in the process of reconstruction and return to constitutional legality which the country has begun.
		Prime Minister Martin Ziguele of the Central African Republic will meet with Charles Josselin, Minister Delegate for Cooperation and Francophony, on April 23.
	www.france.diplomatie.fr /actu/actutxt.asp?DOS=23375 (2463 words)

	BBC NEWS Africa Q&A: Central African Republic elections
		Troops from the regional Central African Economic and Monetary Community have pledged to help the national army provide security during the polls.
		Though he pledged new elections when the security situation improved, the vote was delayed for two years due to instability in the north of the country.
		The elections were then postponed to 13 March to allow all candidates more time to campaign.
	news.bbc.co.uk /2/low/africa/4340777.stm (2463 words)

	Panapress Official Website
		Malabo, Equatorial Guinea (PANA) - Experts from the six member states of the Economic and Monetary Community of Central Africa (CEMAC) on Thursday began a preliminary meeting to prepare for a summit of the organisation in Malabo from 29 to 30 June.
		Malabo, Equatorial Guinea (PANA) - The Economic and Monetary Community of Central Africa (CEMAC) leaders have reiterated their support for Chad's mediation of the crisis in Sudan's western region of Darfur.
		Malabo, Equatorial Guinea (PANA) - Leaders of the Central African Economic and Monetary Community (CEMAC) have given favourable rating to the transitional process in the Central African Republic (CAR), especially the smooth rounds of the presidential election won in May by General François Bozizé.
	www.panapress.com /paysindexlat.asp?code=eng017 (822 words)

	feb12
		The strategy will support the Central African Economic and Monetary Community (CEMAC) to improve trade links between its member countries; Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, and Gabon.
		The World Bank last year funded a project of the Central African Central Bank (BEAC), to upgrade the banking payments system for the Central African Economic and Monetary Union.
		CEMAC is one of the oldest regional blocs in Africa, started as a loose customs union to a full-fledged economic and monetary union in 1994, whose treaty was ratified in 1999 by all member states.
	www.expotimes.net /backissuesfeb/feb12.htm (822 words)

	Panapress Official Website
		Bangui, Central African Republic (PANA) - The Central African Republic (CAR) parliament has ratified the non-aggression, solidarity and mutual assistance pact signed 28 January 2004 by heads of state of the Central African Economic and Monetary Union (CEMAC), a regional economic bloc.
		Bangui, Central Africa (PANA) - Authorities in the Central African Republic (CAR) on Tuesday officially denied rumours that Joseph Kony, who heads the rebel Lord's Resistance Army (LRA) in northern Uganda, was at Bambouti, 1,362 km east of the capital, Bangui.
		Bangui, Central African Republic (PANA) - The Central African Republic Journalists Union (UJCA) has called on the government and humanitarian organisations to intervene "as quick as possible" in Paoua (485 km north of Bangui) to prevent a further decline in the condition of displaced people in the area.
	www.panapress.com /paysindexlat.asp?code=eng009 (814 words)

	Chad and Cameroon Country Analysis Brief
		Both Chad and Cameroon are members of the Central African Economic and Monetary Union (CEMAC), created in 1991 to improve economic and political cooperation in the region.
		Cameroon is a member of the Energy Pool of Africa, which aspires to eventually connect the electricity grids of all members of the Central Africa Economic Community (CEEAC).
		Cameroon is located on the coast of West Africa’s Gulf of Guinea, with landlocked Chad bordering it to the northeast.
	www.eia.doe.gov /emeu/cabs/chad_cameroon.html (3393 words)

	Banks and Financial Institutions - African Business Guide (Business Reference Services, Library of Congress)
		The West African Monetary Union is characterised by the recognition of a common monetary unit, the Franc of the African Financial Community (CFA F), which is issued by the Central Bank of West African States (BCEAO).
		The IDC is a self-financing state-owned development finance institution whose primary objectives are to contribute to the generation of balanced sustainable economic growth in southern Africa.
		The main mission of the Bank is to act as a tool for contri- contributing towards the socio-economic development of its Member States through promoting intra-COMESA trade and the economic integration of the COMESA sub-region.
	www.loc.gov /rr/business/african/banks.html (3393 words)

	Background Notes Archive - Africa
		Niger shares a common currency, the CFA Franc, and a common central bank, the Central Bank of West African States (BCEAO), with six other members of the West African Monetary Union.
		France administered her West African colonies through a governor general at Dakar, Senegal, and governors in the individual territories, including Niger.
		Other major donors include: France, Germany, The World Bank, The European Economic Community, and The United Nations.
	dosfan.lib.uic.edu /ERC/bgnotes/af/niger9407.html (3318 words)

	Index of Economic Freedom 2004 - Countries
		Cameroon is a member of the Central African Economic and Monetary Community (CEMAC), which also includes the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea, and Gabon.
		Cameroon’s informal market score is 0.5 point better this year; however, its fiscal burden of government score is 0.4 point worse, and its monetary policy score is 1 point worse.
		Cameroon has benefited from a stable currency—a rarity in sub-Saharan Africa—as a member of the CFA franc zone.
	cf.heritage.org /index2004test/country2.cfm?id=Cameroon (915 words)

	France-diplomatie [Actualité diplomatique]
		Established in 1994, the Economic and Monetary Community of Central Africa (CEMAC), replaced the Union Douanière des Etats d'Afrique Centrale (UDEAC), which was set up in 1964.
		CEMAC is made up of the: Union Economique de l'Afrique Centrale (UEAC) and the Union Monétaire de l'Afrique Centrale (UMAC).
		CEMAC brings together 6 central African countries: the Cameroon, Central African Republic, the Congo, Gabon, Equatorial Guinea and Chad
	www.france.diplomatie.fr /actu/articleTxt.asp?ART=30776 (915 words)

	Gabon Country Analysis Brief
		Gabon was instrumental in forming the Central Africa Economic and Monetary Community (CEMAC), a consortium of six nations hoping to merge their macroeconomic policies and create a common market.
		Gabon’s Human Development Index (HDI) rating of 0.637 is the eighth highest in Africa, where the average HDI score is 0.48.
		Languages: French (official), Fang, Myene, Nzebi, Bapounou/Eschira, Bandjabi
	www.eia.doe.gov /emeu/cabs/gabon.html (915 words)

	Index of Economic Freedom 2004 - Countries
		Gabon is a member of the Central African Economic and Monetary Community (CEMAC), which also includes Cameroon, Central African Republic, Chad, Republic of Congo, and Equatorial Guinea.
		Gabon’s fiscal burden of government score is 1 point worse this year; in addition, its government intervention score is 0.5 point worse, and its informal market score is 1 point worse.
		Gabon’s economy has benefited from a stable currency—a rarity in sub-Saharan Africa—as a member of the CFA franc zone.
	cf.heritage.org /index2004test/country2.cfm?id=Gabon (1033 words)

	Over 200 foreigners moved to Libreville from Bangui
		According to the commander of the French military unit based in Gabon, French air force carrier planes allocated to peacekeepers deployed in Bangui by the Economic and Monetary Community of Central Africa (CEMAC) had evacuated 80 people Sunday and 150 others on Monday.
		Libreville, Gabon (PANA) - At least 230 foreigners arrived here Sunday and Monday from Bangui, the Central African Republic (CAR) capital, to escape a looting spree that followed last Saturday's coup d'etat against President Ange-Felix Patasse.
		They are currently sheltered in a dozen tents at the De Gaulle barracks in Libreville, where they are receiving assistance from French military personnel.
	www.panapress.com /freenews.asp?code=eng045299&dte=18/03/2003 (204 words)

	Central African Economic and Monetary Community (CAEMC) / Communaute Economique et Monetaire d’Afrique Centrale (CEMAC)
		In March 1994 the six UDEAC leaders signed a treaty for the establishment of an Economic and Monetary Community of Central Africa (CEMAC), which was to promote the process of sub-regional integration within the framework of an economic union and a monetary union.
		A joint AEC/Economic and Social Commission (ECOSOC) mission visited the organisation in August 1998 and found its success in mobilising resources for its programme development and implementation to be of particular interest to all the regional economic communities in Africa.
		Institutions that have already been planned include a common parliament and common court of justice.
	www.dfa.gov.za /foreign/Multilateral/africa/caemc.htm (204 words)

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In the News (Fri 9 Jan 09)