Ministerial Committee of the Central African Monetary Union adopts ISO 20022 credit default and securities dematerialization rules and approves 2026 budgets

The Ministerial Committee of the Central African Monetary Union published a communiqué on its Dec. 19, 2025 ordinary session in Bata, Equatorial Guinea, setting out a package of institutional and regulatory decisions for the CEMAC region. The committee approved the 2026 budgets of the Bank of the Central African States, the Central African Financial Market Supervisory Commission and the Action Group against Money Laundering in Central Africa, appointed members of the COSUMAF board, and adopted four regulations covering ISO 20022 implementation, the indexing of borrowers at COBAC-supervised institutions for non-repayment of credit, the dematerialization and safekeeping of securities and other financial instruments issued in CEMAC, and the organization and functioning of GABAC. The session also reviewed implementation of resolutions and decisions from earlier meetings, along with recommendations from the Conference of Heads of State of the Economic and Monetary Community of Central Africa that fall within the remit of the Bank of the Central African States. It further took stock of CEMAC economic conditions and the short- and medium-term outlook, and noted recent developments in cooperation between CEMAC member states and the International Monetary Fund.