Sunday, March 9, 2014
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6:00-9:00pm
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Early registration for participants
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Monday, March 10, 2014
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8:00am
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Registration
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8:30am
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Welcoming Remarks
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- Anne-Marie Gulde-Wolf, Deputy Director, African Department,
IMF
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Anne-Marie Gulde, a German National, is now Deputy Director of
the IMF’s African Department. She is directly overseeing the Department’s work and
policy priorities on a number of Southern and Central African countries, including
South Africa and the CEMAC. Before re-joining the African Department in 2012 she
held positions in the European and Monetary and Capital Markets Departments. In
her earlier tenure in the African Department (2004-2007) Ms. Gulde was mission chief
for the two monetary unions (WAEMU and CEMAC) and coordinated the department’s financial
sector work.
Ms. Gulde studied Economics, Political Science and History in Tuebingen, (Germany),
St. Louis (USA), and Kiel (Germany) and holds a PhD in international economics from
the Graduate Institute of International Studies in Geneva (Switzerland). She has
published widely on different topics in international economics, with a focus on
exchange rate regimes, currency boards, and financial stability and development
issues. Publications on Africa include among others “The CFA Franc Zone: Common
Currency, Uncommon Challenges’’ (with H. Tsangarides, eds, 2008) and “Sub Saharan
Africa: Financial Sector Challenges” (with C. Pattillo and J, Christensen).
- Cameroonian Authorities
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9:00am
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Group Photo
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9:15am
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Session 1: Domestic and International Financing of National and Regional Infrastructure
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Chair:Michael Adandé, President, Development
Bank of Central African States (BDEAC)
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Mr. Adandé is President of the Development Bank of the Central
African States (DBCAS) based in Congo-Brazzaville since January 2010. Before joining
the DBCAS, he was Secretary-General of the Ministry of Water and Forestry and Head
of the Department of Economic Affairs at the Office of the Prime Minister of Gabon.
Prior to this, Mr. Adande was Deputy National Director at the Bank of the Central
African States (BEAC) in Libreville, Gabon. During his carrier at the International
Monetary Fund he worked as an Economist for the African Department. A Gabonese national,
Mr. Adande holds a DESS in Management and a DEA in Economics from Université de Paris
Dauphine.
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Presenter 1:Arnaud Dornel, Lead Financial Sector Specialist,
World Bank:Infrastructure & Project Finance in Africa
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Arnaud Dornel is Lead Financial Sector Specialist in the Africa
Region of the World Bank, which he rejoined end 2012. He previously worked for 18
years at Credit Agricole, Natixis, and Bank of America Merrill Lynch in various
capacities, mostly as regional head of project & structured finance Asia Pacific,
based in Singapore and Hong Kong. During that period, he undertook numerous advisory,
arranging, and underwriting assignments, including advising the Hong Kong SAR government
for its landmark Hong Kong DisneyLand theme park. Arnaud initially joined the World
Bank as a YP in 1989. Prior to that, he was a credit insurance underwriter at Coface,
and a political risk underwriter at Unistrat. He studied management at ESCP Europe
in Paris, received a MBA from Insead and a PhD from Dauphine University, and is
a CFA charter holder.
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Presenter 2:Laurence Doumenc, East and Central Africa
Division, European Investment Bank (EIB):Infrastructure Financing by the
EIB, Terms and Examples
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Mrs Laurence Doumenc joined the European Investment Bank in 2001.
She has been working in the Central and East Africa Division for the last 8 years.
She is currently a senior investment officer responsible primarily for Cameroon,
Gabon, CAR, Equatorial Guinea and Sao Tome & Principe.
Panelists:
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- Edward Cerullo, Vice President, Debt Capital Markets,
Standard Bank, London
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Edward Cerullo joined Standard Bank in 2008. From 2008-2012 he
was involved in the execution of international bond offerings and liability management
transactions for LatAmcorporates and FI's. His mandate now covers sub-Saharan Africa
cross border capital markets. Edward's focus has always been on the emerging market
asset class and as such he brings a wealth of expertise built up from emerging market
debt placement for banks,corporates and sovereigns across CEEMEA and LatAm. Edward
received a B.A. in Economics and International Relations from Brown University.
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- Peter Sullivan, Managing Director, Head of Africa
Public Sector Group, Citigroup, London
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Peter M. Sullivan is a Managing Director and Head of the Public
Sector Group for Africa at Citigroup. He is also a Senior Credit Officer of Citi
and is based in London. The Public Sector Group is committed to facilitating global
best practices and success transfer among its client base including Central banks,
Ministries of Finance and Ministries of Infrastructure. Peter is responsible for
developing business and delivering product solutions for sovereign, regional and
local government clients in Sub-Sahara and North Africa. He has 24 years of customer
relationship experience with Citi including the coverage of Global Financial Institutions,
Industrials and Sovereigns. His product background extends from trade and structured
finance to fixed income and credit-based structures. Peter has been covering the
Public Sector in Africa for the past 7 years. He was an integral member of the teams
that arranged the debut bond issues for Ghana, Gabon, Senegal, Nigeria. In 2013,
he was at the forefront of the debut bond issue and rating for Rwanda, as well as
for the second issuances made by Ghana, Nigeria and Gabon. Peter also led a Risk
Capital Review for the African Development Bank in 2008. Prior to joiningCiti, Peter
served for two and half years in the U.S. Peace Corps in Mali, West Africa. Subsequently,
he worked as a Financial Analyst for the Federal Energy Regulatory Commission, an
agency of the U.S. Government, before receiving his MBA from Columbia University
in 1989
Open discussion
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10:45am
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Coffee Break
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11:15am
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Session 2: Public-Private Partnerships: Opportunities and Risks
Chair: Emmanuel Nganou Djoumessi, Minister of Economy, Planning and Regional Development,
Cameroon
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Presenter 1:Maria Luisa Abrantes,CEO, Angola National
Investment Agency (ANIP):Public-Private Partnerships and Investment Incentives
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Mrs. Maria Luisa Abrantes, Ph D., was born in Angola. She holds
a law degree from Agostinho Neto University in Angola, completed her post-graduate
studies at Sao Paulo University Law School in Brazil, Georgetown University and
Harvard University, Graduate Business Schools in the US, Lisbon and Lusiadas Universities
(Law Schools), in Portugal. Dr Abrantes, an experienced businesswoman and international
consultant who was actively involved in the economic reforms carried out in Angola,
was appointed in 2011 to become the President and Chairperson of the Board of Directors
for the Angola National Investment Agency (ANIP). Prior and since 1991, she was
the Representative in the USA for ANIP. From 1990-93, she was Director of ANIP and
one of those pioneering privatization process in Angola.
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Presenter 2:Maximilien Queyranne, Fiscal Affairs Department,
IMF:PPP Management, Opportunities, and Fiscal Risks
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Maximilien Queyranne is an economist in the Fiscal Affairs Department
of the IMF. An alumnus of the French National School of Administration (ENA), he
has served as diplomat in the Ministry of Foreign Affairs and magistrate at the
French Court of Auditors. He worked on public finance issues for the World Bank’s
Africa Region before joining the IMF in 2011. He previously served as head of technical
assistance projects for Senegal and Togo, and is currently an economist in the IMF
team working on Côte d’Ivoire.
Panelists:
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- Hassan Adoum Bakhit, Commissionner, Department of
Infrastructure and Sustainable Development, Central Africa Economic and Monetary
Community (CEMAC)
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Hassan Adoum Bakhit has been Commissioner in charge of the Department
of Infrastructure and Sustainable Development for the Economic and Monetary Community
of Central Africa (CEMAC) since 2013. He previously served as Commissioner in charge
of the Department of Economic, Monetary, and Financial Policies, beginning in 2008.
A national of Chad, he has held high positions in the government including Director
General at the Ministry of Planning and Reconstruction, before being promoted to
Deputy Secretary-General, Special Consultant to the President of Chad, and Secretary-General
of the Office of the President of the Republic. His high position at the Office
of the President allowed him to serve as Coordinator of the economic team responsible
for the interface between the government and Chad’s donors, as well as chairman
of the technical committee in charge of negotiations for construction of the Chad-Cameroon
oil pipeline. Mr. Adoum Bakhit holds a doctorate in rural geography from the University
of Nice in France.
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- Mario de Zamaroczy, IMF Mission Chief for Cameroon
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Mario de Zamaróczy is an Advisor in the African Department of the
International Monetary Fund (IMF). He holds an MBA from the École Supérieure des
Sciences Économiques et Commerciales and is an alumnus of the Institut d’Études
Politiques de Paris and of the École Nationale d’Administration (all three in France).
He worked in five departments at the IMF, and most recently he was Director of the
IMF’s East Africa Regional Technical Assistance Center (East AFRITAC). He is currently
mission chief to Cameroon.
Open discussion
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12:45pm
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Lunch
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Lunch time speaker:Cedric Mbeng Mezui, Coordinator,
African Financial Markets Initiative (AFMI), African Development Bank:Bonds
for Infrastructure Projects.
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Cedric Mbeng Mezui is currently at the African Development Bank
(AfDB) as the Coordinator of the African Financial Markets Initiative (AFMI,
http://www.africanbondmarkets.org/en/) which focuses on the development
of local currency bond markets and long term finance in Africa. He has also served
as a senior regional financial integration expert at the AfDB. Before joining the
Bank, he was Manager at the Fixed Income, Commodities and Currencies (FICC) Department
of Citibank in Gabon.
He has a Specialized Master in Banking and Financial Engineering from Toulouse Business
School (ESC Toulouse) and a MA degree in Money, Finance and international Economy
from the Claude Bernard University, both in France.
His recent publications include a book “Structured Finance – conditions for infrastructure
project bonds in African Markets” and Working papers in infrastructure finance.
He led the publication of the first “African Guide Book on Commodity and Derivatives
Exchanges” , all under the auspices of the African Development Bank.
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14:15pm
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Session 3: Issues and Challenges in Financing National and Regional Infrastructure
– Case Studies of Public-Private Partnerships (PPPs)
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Chair:Lucas Abaga Nchama, Governor, Bank of Central
African States (BEAC)
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Lucas Abaga Nchama has been Governor of the Bank of Central African
States (BEAC) since July 2008. He previously held high-level government positions
in his country, including Director-General of Economy, Trade and Business Promotion,
and Secretary-General of the Ministry of Finance and Budget. He began his career
at the National Directorate of the BEAC in Malabo and at the Bata branch. His responsibilities
in government positions have allowed him to carry out other functions, including
executive director of the BEAC, member of the Interstate Committee of the Central
African Economic and Monetary Community (CEMAC), alternate executive director of
the African Development Bank, and interim governor for the annual meetings of the
IMF. A national of Equatorial Guinea, Mr. Abaga Nchama obtained a postgraduate diploma
(DEA) in Banking, Money and Finance from the University of Lyon II, France, in 1995.
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Presenter:Yves Boudot,Directeur Afrique, Agence Francaise
de Developpement(AFD), France:Issues and Challenges in Financing National
and Regional Infrastructure
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M. Boudot is the Director of the Sub-Sahara Africa department at
the Agence française de development, where he is responsible for the Agency’s strategy
and operations throughout the region. Prior to this appointment, he served as Director
of South Asia, based in New-Delhi, where he led the Agency’s work in India, Sri
Lanka, Maldives and Bangladesh.
M. Boudot joined the AFD in 1983 and has served the Agency in a range of capacities,
mainly financial risk assessment and including as AFD Director in Ethiopia, Gabon,
Benin and Guinea Conakry.
From 1989 to 1997, Mr. Boudot was Air Afrique Deputy CEO. As deputy CEO of the multinational
company, he was directly responsible for financial and commercial aspects as well
as investments. Mr Boudot was also Director General of the charter company Air Afrique
Vacances. As such, Mr Boudot represented Air Afrique on the boards of a number of
its subsidiaries and from 1990 to 1997 he was member of IATA financial committee.
Mr. Boudot is chartered accountant, and graduate of ESSEC Paris School and Institut
d'Etudes Politiques de Aix en Provence. He also graduated in Economics from Aix
en Provence University.
Panelists:
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- Racine Kane, Resident Representative, African Development
Bank, Yaoundé-Cameroon
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Mr. Racine Kane is the Resident Representative of the African Development
Bank (AfDB)’s Regional Office in Cameroon since 2011. Prior to his appointment,
he was Senior Country Economist and the Chief Country Economist for AfDB in the
Cameroon Regional Office, respectively. Before joining AfDB, Mr Kane worked as Division
Manager, Advisor and then Macro-Economist Expert at the Ministry of Economy & Finance
in Senegal. He has been consultant in various donor-funded (AfDB, UNDP, ACBF and
World Bank) projects. Mr. Kane holds a Diploma of Advanced Studies (DEA) in Macroeconomics.
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- Hamadou Sali, Chairman of the Board of Directors,Camrail
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Mr. Hamadou Sali, Chairman of the Board of Directors, Camrail.
Mr. Hamadou is President of the Board of Directors of CAMRAIL, a Cameroon railway
dealership and subsidiary of the Bolloré Africa Logistics Group. He is also President
of the Board of JC Decaux Cameroun and Director of the Bolloré Group companies in
Chad and Cameroon. He has conducted the CAMRAIL delegations during the negotiations
with the World Bank Group, the African Development Bank and the Islamic Development
Bank. He has organized seminars and conferences on several topics including: public-private
partnership issues, program for the development of railways to be implemented by
States and specialized international organizations. Mr. Hamadou is also a Member
of the House and a member of the Security and Defense Committee at the National
Assembly of Cameroon. He is a graduate of the Ecole Nationale d’Administration
and the Institut des Hautes Etude de Défense Nationale of Paris.
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- Boriana Yontcheva, IMF Resident Representative, Yaoundé-Cameroon
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Boriana Yontcheva is the IMF resident representative to Cameroon.
She is a French citizen and has joined the IMF in 2001. Before coming back to the
African Department in 2012 she worked in the European, Asian and Pacific department
and the IMF institute. Prior to joining the IMF, she worked for the European Commission.
She obtained a M.Sc. in Economics from the University of Manchester (UK) and a PhD
from the university of Aix en Provence, France.
She co-edited a book on the macroeconomics of foreign aid.
Open discussion
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15:45pm
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Coffee Break
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16:15pm
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Session 4: Roundtable Discussion: Lessons and the Way Forward
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Chair:Anne-Marie Gulde-Wolf, Deputy Director, African
Department, IMF
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Anne-Marie Gulde, a German National, is now Deputy Director
of the IMF’s African Department. She is directly overseeing the Department’s work
and policy priorities on a number of Southern and Central African countries, including
South Africa and the CEMAC. Before re-joining the African Department in 2012 she
held positions in the European and Monetary and Capital Markets Departments. In
her earlier tenure in the African Department (2004-2007) Ms. Gulde was mission chief
for the two monetary unions (WAEMU and CEMAC) and coordinated the department’s financial
sector work.
Ms. Gulde studied Economics, Political Science and History in Tuebingen, (Germany),
St. Louis (USA), and Kiel (Germany) and holds a PhD in international economics from
the Graduate Institute of International Studies in Geneva (Switzerland). She has
published widely on different topics in international economics, with a focus on
exchange rate regimes, currency boards, and financial stability and development
issues. Publications on Africa include among others “The CFA Franc Zone: Common
Currency, Uncommon Challenges’’ (with H. Tsangarides, eds, 2008) and “Sub Saharan
Africa: Financial Sector Challenges” (with C. Pattillo and J, Christensen).
Panelists: Economic Community of Central African States (ECCAS) Ministers of Finance,
Infrastructure and Economy; ECCAS General Secretary; ECCAS central bank Governors
Open discussion
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17:45pm
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Concluding remarks
- Alamine Ousmane Mey, Minister of Finance, Cameroon
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18:00pm
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Joint Press Conference
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18:30pm
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Cocktail
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