On May 28, in the refined atmosphere of the Annual Meetings of the African Development Bank (AfDB) Group in Brazzaville, the Presidents of the Development Bank of Central African States (BDEAC) and the AfDB jointly signed a letter of intent aimed at strengthening the framework for financial cooperation between the two institutions.
Before the press, BDEAC President Dieudonné Evou Mekou and AfDB President Sidi Ould Tah signed the documents with conviction and determination, fully aware of the crucial importance of their rapprochement for financing development in Central Africa. Following the signing ceremony, the two leaders exchanged a firm handshake accompanied by bright smiles, a promising sign for the future.
For BDEAC President Dieudonné Évou Mekou, the agreement represents a significant milestone that lays the groundwork for closer collaboration.
"I am very pleased to sign this document with President Sidi, who has only been leading the Bank for a few months. This is a letter of intent intended to pave the way for cooperation with the African Development Bank in the coming years," he stated.
With the signing of this letter of intent, the AfDB reaffirmed its confidence in BDEAC, the only Central African bank that now belongs to the highly exclusive circle of African development finance institutions with global recognition, thanks to its rating by Moody’s, one of the world’s leading rating agencies.
"We have entered the circle of major development banks following the rating we obtained last year, which was a historic first," he added.
For President Dieudonné Evou Mekou, the strengthening of the partnership with the AfDB is also aligned with the strategic development plans of both institutions. BDEAC is implementing its financial inclusion and sustainable development acceleration plan known as "Azobe," while the AfDB is promoting a new African financial architecture called NAFAD.
"As you know, President Sidi is working on establishing NAFAD, the New African Financial Architecture. Within this new policy and architecture, there are many roles to be played by regional banks. As a regional institution, we believe our bank fits perfectly into this new framework," stressed Dieudonné Evou Mekou.
