The Central Bank of West African States (BCEAO) and the Bank of Central African States (BEAC) held a bilateral meeting in Yaoundé and adopted a joint action plan for 2025 and 2026 under their 2008 cooperation agreement, aimed at strengthening operational synergies in response to shared challenges. The plan focuses on digital transformation and financial inclusion, innovation and cybersecurity for information systems, the supervision and modernisation of payment systems including their interconnection, and external financial relations. The two governors linked the renewed cooperation to supporting monetary and financial stability in the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU), and to deeper monetary and financial integration within the Association of African Central Banks. The next bilateral meeting is scheduled for 2026 in Dakar at the BCEAO headquarters.
Central Bank of West African States 2025-01-27
Central Bank of West African States and Bank of Central African States adopt a joint 2025–2026 cooperation action plan
The Central Bank of West African States and the Bank of Central African States adopted a joint action plan for 2025-2026 to enhance operational synergies under their 2008 cooperation agreement. The plan targets digital transformation, financial inclusion, innovation, cybersecurity, and payment system modernization to bolster monetary and financial stability in the Central African Economic and Monetary Community and the West African Economic and Monetary Union.