Support to the Development Bank of Central African States on Trade Finance

At the end of 2019, BDEAC adopted a trade finance policy as part of its drive to diversify its activities and encourage the development of inter-regional trade.

One of the main objectives of Communauté économique et monétaire de l’Afrique centrale (CEMAC) is to create a favourable environment for international trade by customs union (Common External Tariff) and the elimination of internal barriers.

The implementation of the AfCFTA, the largest free trade area in the world, will take time, but it offers enormous opportunities for the development of intra-African international trade. It should transform the way trade is conducted in Africa, both through the gradual elimination of customs duties and the implementation of integrated payment and guarantee systems, and by reducing non-tariff barriers.