Thursday, April 3, 2014

Equatorial Guinea to Host CFA Franc Summit


Equatorial Guinea will host a summit for the CFA franc countries as well as members of the International Monetary Fund and the World Bank, which will take place in the Sipopo Conference Center of the capital city of Malabo from April 2 - 3.

Marcelino Owono Edu, the Minister of Finance and Budget of Equatorial Guinea, announced the upcoming summit during a meeting, stating that the summit was designed to analyze the overall economic situation of these countries.

The event occurs twice a year and includes the participation of more than 50 technicians.

In preparation of the summit, Marcelino Owono Edu held a preliminary meeting on March 30 to discuss the organization of the Meeting of Ministers of Finance of the Franc Zone.

Alongside other members of the Government, the Minister of Finance and Budget worked to design a program that encourages cooperation among the central banks of the Central Franc Zone and economic growth of member countries.

Equatorial Guinea is working to play a greater role in the international community, and it is using events such as this summit as opportunities to showcase leadership and promote economic development within the region.