Government members and financial managers are attending a two-day seminar in Bangui focused on budget reforms and transparency.
Government members and financial managers are participating in a seminar in Bangui focused on budget reforms and transparency in public finance management. Organized by the Ministry of Finance and Budget with support from the International Monetary Fund (IMF), the event aims to strengthen fiscal discipline and resource management. Discussions cover the budget cycle, public spending, treasury operations, and accountability mechanisms.
The seminar is intended to consolidate the government's efforts to improve state resource management and enhance budgetary discipline, according to the Prime Minister. Authorities also aim to build the capacity of officials to promote more rigorous and transparent management of public funds. This initiative comes as international partners, including the IMF, World Bank, and African Development Bank, urge increased transparency and domestic resource mobilization.
The two-day meeting addresses reforms ahead of the implementation of program-based budgeting within the Central African Economic and Monetary Community (CEMAC). Participants are exchanging views on the budget cycle, public expenditure management, treasury operations, and control mechanisms. The goal is to foster a more rigorous and transparent approach to public finances, reducing reliance on external funding.
Why it mattersGovernment officials and financial managers are affected by this seminar as it aims to improve their capacity for more rigorous and transparent management of public funds.
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