Cameroon: AfDB to present two reports on economic prospects in Central Africa and on the continent

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(African Development Bank)-on Wednesday, 3 April in Yaoundé, Cameroon, the AfDB will unveil the results of two reports on African economic prospects (PEA) and regional economic prospects ( PER) in Central Africa.

Preceded by strong expectations on the part of the various parties (the Bank itself and its stakeholders), the unprecedented presentation of such reports is part of the institution's commitment to "combine knowledge, know-how and the reality of the terrain to to make its operations more pragmatic and closer to the needs of its customers, "said Ousmane Doré, Director General of the African Development Bank for Central Africa, upstream of the event. In return, the Bank expects comments and suggestions from some 200 guests at this event.

"These reports will undoubtedly lead to a better understanding of the challenges and opportunities of the region, which in turn brings added value to our operations," he says, adding that "these knowledge products are going to help us better inform our operations in the region ".

The Directorate-General of the Bank in Central Africa has committed to an in-depth dialogue with the countries of the region, which has materialised through an ongoing decentralization process, with, for example, the forthcoming opening of a regional office dedicated to Central Africa based in Yaoundé, Cameroon.

According to the presentation of the role and achievements of the Bank in the region, the official delivery of the reports to the authorities will be preceded by the interventions of the country Manager of the institution in Cameroon, Solomane Koné, Ousmane Doré and the Minister of the economy, planning and land management of Cameroon, Alamine Ousmane Mey, who is also Governor of the Bank.

Plenary sessions will give rise to debates on economic and development issues in Central African countries, involving members of the Government, representatives of national and international organizations, civil society figures as well as academics and personalities from the private sector.

For Ousmane Doré, the two reports, although distinct but very complementary, present not only economic performance and short-term prospects, both in the region and on the continent, but they also carry a theme in the heart debates in Africa: regional integration, which is one of the top five priorities, high 5, of the African Development Bank.

The reports are the result of close collaboration between the regional offices, including Central Africa and the country economies Department, led by Ferdinand Bakoup, and the Bank's Research Department. The regional report received notable external contributions, including that of Désiré Avom, Professor of Economics at the University of Dschang, and that of journalists Jefferson Nzinguet Kami and Jean-Claude Fogno. "These last two were mainly at the origin of the note on the free movement contained in the regional report, providing real-life facts, drawn from a very informative report financed by the Bank," said Ousmane Doré.

The African Development Bank, in addition to its many financing operations on the continent, is also a knowledge and Advisory Bank. For Ousmane Doré, "the opinions of the participants will be important to better calibrate the operations, especially after the approval, on March 28th, of the Bank's Board of Directors, of the new regional integration strategy document (DSIR) for Central Africa ".

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