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X-WR-CALDESC:Events for Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
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DTSTART:20200101T000000
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DTSTART;TZID=UTC:20211124T110000
DTEND;TZID=UTC:20211124T130000
DTSTAMP:20250127T120644Z
CREATED:20230824T084456Z
LAST-MODIFIED:20250127T120644Z
UID:10000229-1637751600-1637758800@www.foretiafoundation.org
SUMMARY:Press Conference on 2021 Budget Report
DESCRIPTION:                                                                                Press Conference on 2021 Budget Report                                                 Theme: An Analysis of the Sustainability of the Public Debt in Cameroon                                   24th November 2021\, 11 am – 1 pm\, Headquarters Denis & Lenora Foretia Foundation\, Simbock\, Yaounde\nBackground\nThe year 2020 was marked in Cameroon by the COVID-19 pandemic\, socio-political and security crises that had a profound impact on the country’s economy. Cameroon’s general budget\, however\, increased from CFAF 4\,409 billion in 2020 to CFAF 5\,235.2 billion in 2021.  This increase in the State budget is partly due to the rise in oil prices in the world market after the sharp drop recorded in 2020 and due to a number of priority actions defined and implemented by the government. However\, the budget remains insufficient to cover all the financial commitments of the State. This explains the government’s recourse in June 2021 to the financial market to obtain a new Eurobond. While it is true that this new Eurobond would allow the refinancing of part or all of the 2015 Eurobond\, this would have no impact on the current level of public debt. Nevertheless\, the pace of Cameroon’s indebtedness is currently worrisome.\nObjectives\nThe main objective of the press conference is to disseminate the findings of the 2021 Cameroon Budget Report written by the Nkafu Policy Institute. More specifically\, we shall present:\nThe 2021 State budget with emphasis on the amounts allocated to the ministerial departments in charge of promoting free enterprise;\nCameroon’s budget deficit and how it is financed;\nThe structure of public debt in Cameroon;\nThe determinants of public debt in Cameroon;\nAn analysis of the sustainability of the public debt.\nTarget Audience\n  This event targets journalists from print\, radio\, television and online media as well as bloggers.\nSpeakers\n \nModerator\nDr. Vera Kum – Economic Research Fellow\, Economic Affairs Division\, Nkafu Policy Institute\nPanelists\nDr. Jean Cédric Kouam – Deputy Director of the Economic Affairs Division\, Nkafu Policy Institute\nDr. Steve Tametong – Democracy and Governance Policy Analyst\, Nkafu Policy Institute\nMr. Bin Joachem Meh – Free Enterprise Associate\, Nkafu Policy Institute.\nContact\n \nEmail: info@foretiafoundation.org  / Tel: (+237) 22 31 15 84 / 654 86 72 54\n.fusion-body .fusion-builder-column-70{width:100% !important;margin-top : 10px;margin-bottom : 10px;}.fusion-builder-column-70 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-70{width:100% !important;order : 0;}.fusion-builder-column-70 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-70{width:100% !important;order : 0;}.fusion-builder-column-70 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}.fusion-body .fusion-flex-container.fusion-builder-row-45{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}
URL:https://www.foretiafoundation.org/events/press-conference-on-2021-budget-report/
CATEGORIES:Event,Events,Press Conference
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BEGIN:VEVENT
DTSTART;TZID=UTC:20210113T090000
DTEND;TZID=UTC:20210113T100000
DTSTAMP:20250127T120148Z
CREATED:20230824T084429Z
LAST-MODIFIED:20250127T120148Z
UID:10000209-1610528400-1610532000@www.foretiafoundation.org
SUMMARY:Press Conference: Report of The Effects of BEAC’s Monetary Policy In Cameroon In 2020
DESCRIPTION:Press ConferencePresentation of The Report of The Effects of BEAC’s Monetary Policy In Cameroon In 2020Date: January 13 – Time:9:00 am – 10:00 am\nVenue: Denis & Lenora Foretia Foundation\nBACKGROUND\nSince March 2020\, all the economies of the Economic and Monetary Community of Central Africa (CEMAC) have been affected by the COVID-19 pandemic. The economic and social repercussions oblige the authorities in charge of public action to take a series of measures to stop the spread of the disease. In this context\, the Bank of Central African States (BEAC)\, CEMAC’s monetary authority\, has decided to conduct an accommodating monetary policy. Among the main measures taken during the meetings of the Monetary Policy Committee (CPM) in 2020 is the reduction of the Interest Rate on Tenders from 3.5% to 3. 25%; the setting of the Marginal Lending Facility Rate at 5%; the setting of reserve requirement coefficients at 7.00% on-demand liabilities and 4.50% on term liabilities; the suspension of liquidity sterilization operations\, which had started in February 2020\, in favor of refinancing the banking system in order to anticipate the effects of the health crisis of the COVID-19; the raising of the amount of the global envelope likely to be made available to credit institutions in CEMAC countries\, to the tune of 500 billion.\nThe Monetary Policy Report published by the Nkafu Policy Institute analyses the contribution of the monetary policy conducted by the Bank of Central African States (BEAC) to strengthening the resilience of the Cameroonian economy in 2020. More specifically\, it examines whether the monetary policy decisions taken by the CPM have influenced the general price level\, the average overall effective rates practiced by financial institutions and their deposit and credit operations\, as well as the evolution of monetary aggregates.\nThe report is structured around five key inter-related thematic parts as follows While Part I\,  examines the socio-economic situation in Cameroon before Covid-19 Part II focuses on the economic and social repercussions of the pandemic on the economic conjuncture in 2020 Part III then\, presents BEAC’s responses to this gloomy economic conjuncture while part IV brings forth the reactions of the Cameroonian economy to BEAC’s monetary policy decisions in 2020. Finally\, part V proposes some monetary policy options to decision-makers (V).\nOBJECTIVE OF THE EVENT\nThis press conference has the following objectives:\nTo present Cameroon’s socio-economic situation before the start of the Covid-19\, its economic and social repercussions as well as BEAC’s responses;\nConduct an analysis on the contribution of monetary policy to the resilience of the Cameroonian economy in 2020;\nMake some monetary policy recommendations to both the sub-regional monetary authorities and the Cameroonian authorities in favor of more resilient monetary and economic policies.\nDATE\, PLACE\, AND METHODOLOGY OF THE EVENT\nThe press conference\, scheduled to take place on January 13\, 2021\, from 09:00 a.m. to 10:00 a.m. (Cameroon time)\, is organized by the Nkafu Policy Institute – a think tank of the Denis & Lenora Foretia Foundation\, located in Simbock\, Yaounde – 100 m from the Collège Jésus-Marie\nPANELISTS\nThe panel will consist of three (02) speakers and a moderator.\nSpeakers :\nDr. Jean Cédric KOUAM  – Economic Policy Analyst\, Head of Fiscal and Monetary Policy Sub-Section at the Nkafu Policy Institute;\nUlrich D’POLA – Senior Economic Policy Analyst\, Co–Coordinator of the Nkafu Policy Institute;\nModerator\nDr. Fuein Vera KUM FOMUNJONG – Research Fellow in Economic Affairs at the Nkafu Policy Institute.\nTHEMATIC CONCERNS\nThe press conference will focus on a main question formulated as follows:\n“Have BEAC’s monetary policy decisions in 2020 contributed to strengthening Cameroon’s economic resilience?”\nWHO WILL PARTICIPATE?\nThe event will bring together journalists from print\, radio\, television\, and online media as well as bloggers. No participation fee is required. Other media organizations will have the opportunity to follow the event live on Zoom and Facebook. They will receive the links for this occasion.\nEXPECTATIONS\nAt the end of the event\, participants are expected to:\nAt the panel level:\nTo present in a succinct manner the economic and social repercussion of the COVID-19 crisis on the economy of Cameroon in 2020;\nTo show whether the monetary policy decisions taken by BEAC have effectively and efficiently contributed to strengthening the resilience of Cameroon’s economy in 2020;\nAt the level of the media:\nDisseminate\, write articles\, and discuss the report in their various media outlets so that a wider audience understands the analysis and recommendations made.\nPROGRAMME OF THE EVENT\nTIME\nACTIVITY\nIN CHARGE PERSON\n08 :00 a.m. – 09 :00 a.m.\nArrival and networking\nJournalists\nNkafu Team\n09 :00 a.m.\nStart of the press conference\n09 :00 a.m. – 09 :05 a.m.\nWelcome address\nForetia Foundation\n09 :05 a.m. – 09 :35 a.m.\nPresentation of the Monetary Policy Report\nPanelists (speakers and moderator)\n09 :35 a.m. – 09 :45 a.m.\nQuestions and answers session\nJournalists and panelists\n09 :45 a.m. – 09 :55 a.m.\nInterviews\nGraphic Team (Foretia Foundation)\nNkafu Team\nJournalists\n09 :55 a.m. – 10 :15 a.m.\nRefreshments\nForetia Foundation\n10 :15 a.m.\nEnd of the press conference and departure\n.fusion-body .fusion-builder-column-165{width:100% !important;margin-top : 10px;margin-bottom : 10px;}.fusion-builder-column-165 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-165{width:100% !important;order : 0;}.fusion-builder-column-165 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-165{width:100% !important;order : 0;}.fusion-builder-column-165 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}.fusion-body .fusion-flex-container.fusion-builder-row-103{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}
URL:https://www.foretiafoundation.org/events/press-conference-report-of-the-effects-of-beacs-monetary-policy-in-cameroon-in-2020/
CATEGORIES:Event,Events,Press Conference
ORGANIZER;CN="Nkafu Policy Institute":MAILTO:info@foretiafoundation_org
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