A World Sports Alliance Intergovernmental Organization ( “Alliance” ) mission, lead by Founding Secretary General Dr Gilles Klein met with H.E President Faustin-Archange Touadéra in Bangui during the December 4-13, 2022 Central African Republic mission to present and advance socio-economic initiatives and bilateral relations with the country for the 2023-2030 period.

It was the forth meeting between Mr Touadéra and Dr Klein since the Central African Republic joined the World Sports Alliance on the 25th day of January 2008 as its 12th Member-State but the first since the International Innovation Agency ( “Agency”) began the restructuring of the Alliance.

The Central African Republic met the fully-fledged membership conditions of the Agency when it became the first country in Africa and the second in the world to implement Bitcoin policies. The discussions held between President Touadéra and Dr Klein for a Strategic Development Plan  for the 2023-2030 period included the role of the Agency for the development of a Academies and the concept of a Innovation Center of Excellence (ICE) — a financial and innovation hub — in Bangui consistent with the presidential projects aimed at attracting foreign and domestic capital flow.

The Alliance and the Central African Republic Government agreed on key elements for the implementation by members of the Business Consortium ( “ IBC” ) of a portfolio of projects ( “SDG Ventures” ) with wide responsibilities in financial technologies. It was also agreed that some SDG Ventures could be developed in the Central African Republic, some across African and other Member-States of the Alliance and others at the international level.

The Agency and the private sector will play an important role in the initiatives. The resources of the Agency and members of the Business Consortium will provide the Central African Republic with the opportunity to adapt to rapid technology changes in order to compete in the new global economy.

Mr. Klein met the press at the conclusion of the discussions and made the following statement:

Each SDG Venture will be financed by the Agency, members of the Business Consortium and will be integrated into the Alliance Strategic Development Plan for the Central African Republic. Once launched, a portion of the revenues generated from each SDG Venture will be dedicated to the National General Fund in support of the Alliance Initiative in the Central African Republic and, an other part will be allocated to the Alliance National Reserve Fund that will be used by the Ministry for the Promotion of Youth, Sports and Civic Education for the Central African Republic to meet their budget needs for youth in education and sports.

The Central African Republic has committed to accelerate the registration and issuance of licenses, permits and regulatory status for each SDG Ventures. In addition, it was agreed that the Strategic Development Plan of the Central African Republic and the list of selected SDG Ventures would be announced to the public prior the General Assembly.

The Alliance and the Agency look forward to continuing close cooperation with the Central African Republic and their 33 other Member-States in the months ahead that will lead to the General Assembly.