The initiative aims to mutualize surveillance and harmonize control rules to capture local and external liquidity surpluses. The technical rapprochement unifies the action of three institutions covering an economic bloc of 14 nations in the franc zone, determined to correct the insufficiency of long-term financing for infrastructure.

The mutualization of skills responds to a structural paradox characterized by the over-liquidity of financial institutions in the face of the narrowness of transmission channels to the industrial apparatus. Statistical data from the central banks of Central Africa highlighted a stock of private savings of 12,962 billion CFA francs, representing 72% of global bank deposits, largely unproductive. The presidents of the three regulatory bodies, under the sponsorship of the Gabonese Ministry of Economy, intend to design legal bridges to channel household and diaspora resources towards productive obligations. The agreement protocol establishes a permanent framework for technical information exchange and mutual assistance, essential for preventing systemic risks linked to the increasing porosity of cross-border flows.

The regulatory harmonization project lays the groundwork for future unified investment instruments, essential for breaking dependence on international donors. While the tripartite agreement does not immediately create new investment vehicles, the roadmap provides for the standardization of agreements for financial intermediaries and employee savings funds, with projected returns of around 8%. The convergence of the supervision frameworks of COSUMAF, AMF-UMOA, and CIMA enables the creation of a broader and more secure capital market. Such technical restructuring offers public and private issuers a broader pool of investors capable of supporting industrialization and economic modernization policies in the two sub-regions.


BCN

Tags: investissement cosumaf amf-umoa cima zone franc financements infrastructures économie afrique centrale