As the lenders of last resort for financial systems, central bankers have reason to be concerned about the potential risks to domestic banking systems arising from actions that impose unforeseen liabilities on domestic banks. There seems to be a consensus that private sector participants in economic activities should bear the ultimate responsibility for the risks they assume in running their businesses. They consequently need to be able to predict and quantify the risks they are likely to encounter. Armed with these predictions they can draftcontracts in such
adaptations will be carried out: (I) updating the company’s statutes; (II) developing a reorganization plan; and (III) amending the leasing-management draftcontract which was submitted to the tender. The effective implementation of these adaptations will be completed in the course of year 2007
The situation of the enterprises that will be liquidated is as follows:
National Cinema Company (SONACIB)
SONACIB has been presented with several privatization schemes, among them one by the Council of Ministers following its meeting of June 25, 2003, which included an
The growth rate of agriculture in Cameroon was estimated at 3.3 percent in 2006, compared with 2.7 percent in 2005. This is owing to increased activity in the food agriculture sector (4.3 percent) and in forestry and logging (4.0 percent). Livestock farming and fisheries, on the one hand, grew by 3 percent and 2 percent, respectively. Industrial and commercial agriculture, on the other hand, experienced a slowdown, on the one hand, with a growth rate of –2.3 percent in 2006 compared with 1.7 percent in 2005.
This annual progress report reviews Burkina Faso’s Poverty Reduction Strategy Papers (PRSPs). The regional integration dynamics was considered as an action variable that allowed Burkina Faso to better insert itself into the global economy. The major quantitative objectives of the revised PRSP are to increase per capita GDP by at least 4 percent starting in 2004, to reduce the incidence of poverty to less than 35 percent by 2015, and to increase life expectancy to at least 60 years by 2015. Burkina Faso’s performance regarding the implementation of the macroeconomic program remains overall satisfactory.