Economic and Monetary Community of Central Africa (CEMAC)
Communauté économique et monétaire de l’Afrique centrale
Headquarters
Bangui, CAR
Date of creation
16 March 1994
Objectives
CEMAC aims to promote peace and the harmonious development of its member states, in the framework of establishing an economic union and a monetary union. In each of these two areas, the member states intend to move from cooperation to a situation of union to complete the process of economic and monetary integration and to improve mutual assistance to support less developed member states.
Timeline
1964 |
Creation of the Customs and Economic Union of Central Africa (Union douanière et économique d’Afrique centrale, UDEAC) |
1994 |
Creation of CEMAC, replacing UDEAC, which is officially dissolved in 1998 |
2002 |
Deployment of CEMAC Multinational Force in Central African Republic (FOMUC) |
Normative framework
Activities
Political dialogue
Areas |
Date |
Activities |
France |
2020 |
Signing of an agreement between France and CEMAC about the new “Eco” currency |
Governance and development
Areas |
Date |
Activities |
Justice |
2000 |
Creation of a CEMAC Court of Justice (N’Djamena, Chad) and CEMAC Inter-Parliamentary Commission (Malabo, Equatorial Guinea) |
Fight against crime |
2000 |
Establishment of the Action Group against Money-Laundering in Central Africa (GABAC) |
Peace and Security