BCEAO-BEAC: revival of regional monetary cooperation

BCEAO-BEAC: revival of regional monetary cooperation
(DR)
© (DR)

Gathered in Dakar, the governors of the BCEAO and the BEAC reaffirmed their commitment to intensify cooperation between the two African central banks. At the heart of the discussions: financial digitization, cybersecurity, and modernization of payment systems, in a context of strengthening regional economic integration.

The Central Bank of West African States and the Bank of Central African States want to accelerate their convergence in response to changes in the financial sector. In a bilateral meeting on Wednesday, May 6, 2026, in Dakar, governors Jean-Claude Kassi Brou and Yvon Sana Bangui reviewed the 2025-2026 action plan adopted in Yaoundé and set new common priorities.
The discussions focused on several strategic projects: digital transformation, financial inclusion, technological innovation, cybersecurity, and interconnection of payment systems. The two institutions also exchanged views on external financial relations and mechanisms for modernizing regional monetary infrastructures.
This cooperation, governed by an agreement signed in 2008, aims to strengthen synergy between the two central banks facing similar challenges, notably the acceleration of digital payments and the securing of financial transactions.
The governors praised the progress made thanks to regular technical consultations between their teams. They believe this dynamic helps consolidate monetary and financial stability within UEMOA and CEMAC, while supporting African financial integration through the work of the Association of African Central Banks.
The next bilateral meeting is scheduled for 2027 at the BEAC headquarters.

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