- Discussions focused on cooperation and institutional reforms involving Equatorial Guinea, Cameroon, and the Economic Commission of Central African States.
- The CEMAC zone, comprising several Central African states including Cameroon and Equatorial Guinea, is currently navigating financing strategies influenced by the monetary policy of the Bank of Central African States.
NBC and Bank of Central African States Sign MoU on Bilateral Cooperation
- Reports
- 4
- Developments
- 1
- Repetition
- 75%
New informationRepeats or wire copies
What happened
The National Bank of Cambodia (NBC) and the Bank of Central African States signed a Memorandum of Understanding (MoU) on October 22 in Phnom Penh. The agreement establishes a framework for bilateral cooperation between the two institutions. The priority action program for 2027-2028 includes capacity building, digital transformation, financial inclusion, and payment system connectivity.
From akp.gov.kh
Why it matters
The MoU aims to promote monetary and financial stability and drive economic development in Cambodia and across the Economic and Monetary Community of Central Africa (CEMAC). The cooperation framework covers modernization, supervision, and innovation in financial systems.
The CEMAC zone is currently navigating financing strategies influenced by the monetary policy of the Bank of Central African States.
From akp.gov.kh
Who's involved
- Bank of Central African StatesCentral bank that signed the MoU to enhance regional cooperation.
- NBCCentral bank that signed the MoU to enhance regional cooperation.
- Yvon Sana BanguiGovernor of the Bank of Central African States.
- Chea SereyGovernor of the National Bank of Cambodia.
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The entities involved
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Bank of Central African States
central bank
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Economic and Monetary Community of Central Africa
inter-governmental organisation
Nothing else this week.