What is ECCAS in full?

What is ECCAS in full?

Economic Community of Central African States (ECCAS)

What is the role of the ECCAS?

ECCAS aims to develop capacities to maintain peace, security, and stability as essential prerequisites for economic and social development; to develop physical, economic, and monetary integration; to develop a culture of human integration and to establish an autonomous financing mechanism for ECCAS.

What is the head quarter of ECCAS?

Presided over by President Pierre Buyoya of Burundi, the summit was held in Libreville on 6 February 1998. The Heads of State and Government present at the summit committed themselves to the resurrection of the organisation.

How many countries make up ECCAS?

Thus, economic growth, social well-being and preservation of nature are being built through the regional integration that ECCAS is developing among its eleven member countries.

What does CEMAC mean?

Central African Economic and Monetary Community
Name: Central African Economic and Monetary Community. Acronym: CEMAC.

Is Rwanda a member of ECCAS?

Rwanda is a founding member of the ECCAS. It pulled our in 2008 to concentrate on its membership to the EAC and COMESA. Rwanda officially rejoined ECCAS on 18 August 2016. Regional integration remains a key pillar of Rwanda’s development strategy.

What are the advantages of CEMAC?

By reducing the widespread use of discretionary tax and customs exemptions within the region. These exemptions undermine overall state revenues and weaken governance. CEMAC members would also benefit from better inter-governmental cooperation and coordination on tax policies.

Why Cameroon is a member of CEMAC?

Faced with the progressive depletion of its petroleum resources, Cameroon is in the process of diversifying its economy and its growth rate has been modest but steady (3% on average over the period), which has enabled it to join the group of middle-income countries to which the Congo and Gabon also belong.

What is the full meaning of Ceeac?

The Economic Community of Central African States (ECCAS; in French: CEEAC) is an organisation for promotion and of regional economic co-operation in Central Africa. It “aims to achieve collective autonomy, raise the standard of living of its populations and maintain economic stability through harmonious cooperation”.

What are Cemac countries?

For the Central African Economic and Monetary Community (CEMAC)—Cameroon, Chad, the Central African Republic, Equatorial Guinea, Gabon, and the Republic of Congo—oil is the big story.

What does CEEAC stand for?

La réforme institutionnelle de la Communauté Economique des Etats de l’Afrique Centrale (CEEAC) a été ordonnée par la Conférence des Chefs d’Etat et de Gouvernement de la CEEAC lors de sa seizième session ordinaire tenue à N’Djamena le 25 mai 2015.

What is ECCAS and what is its purpose?

It “aims to achieve collective autonomy, raise the standard of living of its populations and maintain economic stability through harmonious cooperation”. ECCAS has been set up in 1983 by eleven Central African States.

What is going on in CEEAC?

The crisis in the Democratic Republic of Congo is a divisive factor in CEEAC since Rwanda and Angola back opposing sides. Presided over by President Pierre Buyoya of Burundi, the 2nd Extra-Ordinary Summit of ECCAS was held in Libreville on 6 February 1998.

How many member states does ECCAS have?

ECCAS has 10 member states: The Economic Community of Central African States (ECCAS) was created in 1983 as part of the Lagos Plan of Action, adopted by the Organisation for African Unity (OAU) to promote the establishment of a single Pan-African common market by the year 2000.