« 9.2 billion euros have been pledged to Cemac, or 104 % of the initial target of 8.8 billion euros », said Michel-Cyr Djiena Wembou, permanent secretary of the Steering Committee of the Economic and Financial Reforms Program of Cemac (Pref-Cemac), at the end of the round table bringing together international donors and investors.
The promised funds exceed the initial objective of the regional institution, which expected 8.8 billion euros to finance the construction of infrastructure projects intended to strengthen regional integration and the diversification of economies.
For two days, Cemac officials presented to investors and technical and financial partners thirteen “integrator” projects, including roads, a dry port, railway lines and electrical interconnection infrastructure.
These projects, which represent the “infrastructure” component of the Regional Economic Program (PER), aim to develop regional trade, increase the local transformation of natural resources, further industrialize economies and strengthen their resilience to future shocks.
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It is worth noting that during the first edition of the round table dedicated to international investors, organized in November 2020, Cemac had obtained commitments of 3.8 billion euros, beyond the 3.3 billion sought.