BDEAC aligns itself with international standards

Dec 19, 2013

The Development Bank of Central African States (BDEAC) undertook a series of reforms in order to comply with international standards, said Chairman of the Board of Directors Michael Adandé on December 18th in Brazzaville.

The Development Bank of Central African States (BDEAC) undertook a series of reforms in order to comply with international standards, said Chairman of the Board of Directors Michael Adandé on December 18th
in Brazzaville.

These include policy bank risk management in the field of accounting and in the management of human resources, according to Les Dépêches de Brazzaville.

"These reforms align the bank with international standards in every way" and foster "a much more secure development", he said.

Regarding accounting, he added that the bank is now in conformity with international standards so that accounts become "much more readable" by all partners, he added.

In addition, Michael Adandé announced that the bank will finance from 2013 to 2017 several development projects in Central Africa amounting to CFAF950 billion (€1.5 billion), mainly in the sectors of energy, safety, environment and infrastructure.ADNFCR-2976-ID-801674676-ADNFCR