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Cameroon – Finance: Beac wants to automate the money market operations of the Cemac

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Written by Deckson N.

The Bank of Central African States (Beac) has launched an international selection opinion to recruit a firm that will provide the central bank with a secure IT platform for the management and monitoring of money market operations as well as those Monetary policy in the Cemac area.

The Bank states that participation in this call for competition is not conditional on any payment. Suppliers must submit their tenders no later than 19 January 2017 by electronic means or directly to the Beac office in Yaounde, Cameroon.

The folds will be opened in two stages. The first will consist of the technical administrative files being analyzed on 19 January and the second set at a later date will be devoted to financial records.

In the functioning of the money market, Beac plays a double role, which consists simultaneously of injecting and draining liquidity, in accordance with the objectives of the monetary policy defined by its Board of Directors. The money market of the zone began its activities in July 1994.

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Deckson N.