What are Cemac’s regional projects that have attracted the attention of investors in the United Arab Emirates? How will the collaboration between Cemac and these new partners take place? What are the implications of these projects for the development of the region?
The recent Cemac round table was a resounding success, with more than 7 billion euros in funding pledges for 13 regional projects. Among the donors, the United Arab Emirates played a major role, providing almost a third of the financing.
Collaboration with investors from the United Arab Emirates will mainly be through public-private partnerships (PPP). This model has many advantages, including the absence of debt for countries in the region. Projects will be managed by developers who will take on the risks, while local companies will be able to subcontract project-related activities. In addition, this collaboration will allow a transfer of experience and professionalism, both for the Cemac States and for local companies.
It is important to emphasize that Cemac does not consider the United Arab Emirates as new partners, but rather as an integral part of the international community ready to support the development of the region. The diversification of partnerships is essential to achieve Cemac’s objectives and meet the needs of its populations.
Regarding project execution, Cemac claims to have mastered the necessary processes. Contrary to popular belief, the Cemac development bank is ready to take up the challenge and respect international standards. Transparency and accountability will also be important aspects of the implementation of these projects, thus strengthening the credibility of Cemac.
Among Cemac’s thirteen major projects are improving access to electricity, economic diversification, strengthening commercial integration and developing regional mobility. These projects aim to improve the living conditions of the region’s populations and promote its economic development. Electrical interconnections between countries, the promotion of sustainable industrialization in the Congo Basin, the creation of a dry port in a strategic area and the construction of roads and railways demonstrate Cemac’s desire to promote regional integration and growth.
In short, the financing promises from the United Arab Emirates represent an important step in the realization of Cemac’s regional projects. This collaboration will make it possible to diversify partnerships and accelerate the development of the region, with positive benefits for the populations and the economy.. Cemac is ready to take on the challenge of executing these projects and ensuring transparency and accountability throughout the process.