Wednesday, March 12, 2014

Equatorial Guinea to Host Meeting for Countries of the Franc Zone

Equatorial Guinea will host the biannual meeting for countries of the Franc Zone, countries that use the CFA franc, to be held on April 2-3, 2014.

The government expects approximately 350 participants, including representatives of major financial institutions such as the International Monetary Fund and the World Bank. The Inter-ministerial Council, which will oversee the execution of the event, will lead a discussion on the macroeconomic situation of countries that use the CFA franc. 

According to the Minister of Finance and Budgets, Marcelino Owono Edu, the Inter-ministerial Council, recently approved two separate decrees that help promote the implementation of the national development plan, Horizon 2020, and its objective to diversify the economy. 

The decree to continue working on the diversification of the national economy aligns with the objectives of the recent summit “Emerging Equatorial Guinea,” which was designed to promote international investment in the country in various growing industries.