The Board of Directors of the Bank of Central African States published the outcome of its ordinary session, approving the central bank's 2026 budget and issuing a favorable opinion on several regional regulations for adoption by the Ministerial Committee of the Central African Monetary Union. It also reviewed implementation of earlier resolutions, assessed recent economic and financial developments in the subregion and the short- and medium-term outlook, and noted developments in cooperation between BEAC member states and the International Monetary Fund. The 2026 budget was set at XAF 586,634,958,296 in revenue and XAF 333,341,790,605 in expenditure, producing a projected surplus of XAF 253,293,167,691. The regulations backed by the board cover application of an ISO standard, blacklisting clients of supervised institutions for non-repayment of credit, creation of a general book-entry register for securities and other financial instruments issued in CEMAC member states, and the organization and functioning of GABAC.
Banking Commission of the Central African Republic2026-01-06
Bank of Central African States board approves 2026 budget with XAF 253.3 billion projected surplus and backs regional regulations
The Bank of Central African States' board approved the central bank's 2026 budget, with revenue of XAF 586,634,958,296, expenditure of XAF 333,341,790,605 and a projected surplus of XAF 253,293,167,691. It also gave a favorable opinion on regional regulations covering an ISO standard, blacklisting borrowers for unpaid credit, a general register for book-entry securities issued in CEMAC, and GABAC's organization and functioning.