CEMAC: BEAC takes first steps toward household savings activation plan
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- 07 Apr 2023
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The two companies selected for the contract will assess household savings in the region, suggest reforms to mobilize savings in rural and remote areas as well as promote the development of long-term financial products.
The Moroccan arm of FINACTU International Group, a consulting firm specializing in the development of financial sectors in emerging countries, and Dakar-based financial services provider CGF Bourse will assist BEAC (Cemac's central bank) in implementing a savings activation plan.
In the contract award notice, the BEAC explains that the household savings activation plan is expected to help CEMAC countries “deepen capital markets for the larger and more diversified private sector and state financing” in a post-pandemic context where they are increasingly resorting to market resources. Read More..
