On 2 December 2016, the Senate adopted the bill authorizing the ratification of the protocol establishing the African Monetary Fund (AMF). Objective of the Fund: To establish an African sovereign financial institution, with a view of promoting macroeconomic stability and sustainable economic growth that will facilitate the effective integration of African economies.

Despite the difficult regional and global economic conditions caused by falling commodity prices, the African Development Bank (AfDB) will continue to finance development operations in the Republic of Congo.

Presentation of the 2016 amended finance bill at the national assembly by Minister Calixte Nganongo

Opening address by Calixte NGANONGO, Congolese Minister of Finance, Budget and Public Portfolio, during the plenary meeting of national ohada commissions on examination of the draft uniform act on accounting law and on financial information that took place on October 20th, 2016 at the Radisson hotel in Brazzaville.

The announcement of the convertibility of the CFA Franc to the Chinese Yuan has had diverse interpretation in Congo as well as in other French colonies using the CFA Franc as currency.

The new Minister of Finance, Budget and Public Portfolio, Calixte Nganongo does not hide his ambition of dictating a new management style at the helm of his ministerial department.

After carrying out the « Master’s Tour » on the 25 July 2016 at the headquarters of his Ministry, Calixte Nganongo, Minister of Finance, Budget and Public Portfolio started a series of surprised visits to the Brazzaville Public Treasury.

In order to understand the working conditions of services under his command and after about four months at the helm of the Ministry of finance, budget and public portfolio, Calixte Nganongo, accompanied by members of his cabinet, on Thursday 1 September visited the Directorate of Customs and Indirect taxes in Brazzaville. This came after a similar visit some weeks ago to the Directorate General of Public Treasury.