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# Extraordinary Summit of Heads of State
Yaounde, 16th December 2024
PRESS KIT
Site web : www.prc.cm
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# TABLE OF CONTENTS
Paper 1 : Context and stakes of the Summit Page 3
Paper 2 : A brief presentation of CEMAC Page 4
Paper 3 : Objectives of integration projects Page 5
Paper 4 : Status of implementation of integration projects Page 6
Paper 5 : List of some major integration projects Page 7
Paper 6 : Macroeconomic and financial developments in the CEMAC zone Page 9
Paper 1
PRESSET
PRESS KIT
EXTRAORDINARY SUMMIT OF HEADS OF STATE
Yaounde, 16th December 2024
# CONTEXT AND STAKES OF THE SUMMIT
At the initiative of the President of the Republic H.E. Paul BIYA and the President of the Central African Republic H.E. Faustin Archange Touadera, an extraordinary Summit of the Heads of State of member countries of the Economic and Monetary Community of Central Africa – CEMAC (Cameroon, Central Africa, Congo, Gabon, Equatorial Guinea and Chad) (CEMAC), will meet on 16 December 2024 at the Unity Palace in Yaounde. The session is jointly organised by Cameroon and the Central African Republic, whose President Faustin Archange Touadera, is the current President, since the 15th session of the Summit of the Organisation in March 2023.
The present extraordinary Summit is taking place very much in the same circumstances as the one that held in Yaounde on 23 December 2016, on the economic and monetary situation of the sub-region. Once more, the sub-region is going through difficult moments.
The economies of the sub-region are facing high risks, because of disruptions and weaknesses noticed in some countries, which have failed to implement the recommendations and commitments for their economic and monetary stability.
This situation is preoccupying both for the CEMAC zone and for international partners. Indeed, the disruptions observed and the uncertain future evolution in some member countries can affect the whole zone, to the point of seriously compromising its development.
Even if the situation of Cameroon is less preoccupying, the necessity to share similar economic objectives within the same community, calls for constant coordination of community policies, to correct any insufficiencies, which can lead to the recession of the sub-region.
The Head of State, H.E. Paul BIYA has once more taken the initiative to call this extraordinary Summit of CEMAC in Yaounde in order to have a closer look at the challenges and to take concerted decisions which will enable us to go through these difficult times, just as he said on 23 December 2016. This time around, the leaders of the sub-region will have to renew their commitments so as the rescue their macro-economic aggregates.
Paper 2
PRESST
PRESS KIT
EXTRAORDINARY SUMMIT OF HEADS OF STATE
Yaounde, 16th December 2024
# A BRIEF PRESENTATION OF CEMAC