Development Bank of Central African States (BDEAC)

The Development Bank of Central African States (BDEAC) was created by the Agreement of December 3, 1975. It is a development financing institution for the countries of the Economic and Monetary Community of Central Africa (CEMAC). Actually entered into service on 03 January 1977. The headquarters of the Bank is in Brazzaville (Republic of Congo) The Bank's area of ​​activity covers the six (6) CEMAC states: Cameroon, Central African Republic, Congo, Gabon, Equatorial Guinea and Chad. However, in respect of at least one member country, this zone may be extended to non-member countries, if the interest of the Institution so requires. The Bank has the legal status of an International Financial Institution with full legal personality and financial autonomy. In this capacity, it enjoys diplomatic immunities and privileges. Mission: Promoting growth and economic integration of the member states of the Economic and Monetary Community     No of Central Africa (CEMAC). The overall objective is to align the Bank's management system with international standards, in particular by migrating its accounting to IFRS / IAS, by adopting banking risk management policies in accordance with the principles laid down by the Basel Committee , As well as those related to good international practices in the areas of governance, environmental and social safeguards or the fight against money laundering and terrorism. It was supported by partners such as the World Bank, the African Development Bank, the French Development Agency, the European Investment Bank and the Arab Bank for Economic Development in Africa. The reform program has now entered its final phase . Many of the IT tools resulting from the work carried out by the Bank's various business areas are already operational (Mail, Payment, Risk and Accounting IFRS, Project Cycle / Financing, etc.) and, for others , In the implementation and integration phase (Human Resources Management Information System, Communication and Archiving System). These are expected to be operational in the first quarter of 2015. Some additional tools related to the Integrated Banking Software (PBI) and in the area of ​​general resources management are currently being acquired. The impact of these reforms, in addition to improving and modernizing the working conditions of the staff, greatly increases the Institution's attractiveness and encourages the mobilization of internal and external resources to the financial markets. The Bank's intervention capacities are thus strengthened, as well as its institutional efficiency, so as to enable it to better fulfill its statutory tasks .