No African country has yet ratified the acts setting up the African Monetary Fund to be based in Cameroon  


(Business in Cameroon) – In the “Research Letter” of the Bank of Central African States (Beac) published January 3, Jean-Marie Gankou Fowagap, Cameroonian former Minister Delegate for Economy and Finance, unveiled points about the project to create an African Monetary Fund (AMF), headquarters of which will be established in Yaoundé, the Cameroonian capital.

According to the official, the fund’s founding texts were established by the Technical Implementation Committee that he chaired, and adopted at the Heads of State and Government Summit held in Malabo, Equatorial Guinea, in June 2014. The Cameroonian government has in this framework provided the steering committee with premises and important equipment including a land of nearly 3 ha that will host the AMF’s headquarters.

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