- INFORMATION

Louis Paul Motaze: Minister of Finance

Published: Wednesday, 07 March 2018 08:35

The new Minister of Finance, Louis Paul Motaze, is a Senior Administrative Officer of the Economy and Finance section of the National School of Administration and Magistracy (ENAM) whence he graduated in 1983 as overall best student of his batch. He later went to France for further studies and obtained the post Master’s certificate DEA (diplôme d’études approfondies) in Public Law as well as the DESS (diplôme d’études supérieures  spécialisées) in international transport studies.

He started his administrative career at the Division of Economic Affairs at the Presidency of the Republic of Cameroon in 1983. Thereafter, he served at CAMSHIP (Cameroon Shipping Lines) from 1984 to 1989 and moved to CAMAIR (Cameroon Airlines) from 1989 to 1999.

             Endowed with this experience, Louis Paul Motaze was appointed Director-General of the National Social Insurance Fund (NSIF) in 1999. The company he took over was embedded in a structural crisis and compounded by huge pension arrears. He reorganized the Fund, settled the arrears, improved its financial position, humanized the reception as well as the quality of services rendered to pensioners and users.

             This remarkable performance at the NSIF impressed the Head of State and earned him his appointment in 2007 as Minister of the Economy, Planning and Regional Development (MINEPAT), in a context characterized by the advent and implementation of the Greater Achievements Programme. He supervised the drawing-up of the government’s Growth and Employment Strategy Paper (GESP) and embarked on the prospection of innovative financing instruments to implement the major infrastructural development projects outlined in the GESP.                  

In 2011, he was appointed Secretary-General at the Prime Minister’s Office where he coordinated government actions under the supervision of the Prime Minister, was Chairman of the Steering Committee of many projects, coordinated major infrastructure projects of the Greater Achievements Programme of the State of Cameroon, notably the Kribi deep sea port, Lom Pangar and Menve’ele hydroelectric dams, Mbalam iron ore and Ngaoundal bauxite projects.

In 2015, he returned to MINEPAT and continued to execute major infrastructural development projects, which are the bedrock of the requisite growth for the attainment of emergence of Cameroon by the year 2035. In the same vein, he enhanced the execution of the Public Investment Budget (PIB) whose realization rate now stands at almost 100%.            

 On 02 March 2018, Louis Paul Motaze was appointed Minister of Finance in a context of economic crisis characterized by a drop in the prices of petroleum products, cocoa and coffee thereby leading to deteriorating budgetary balances in the CEMAC zone. Other major challenges to be addressed by our new Finance Minister, comprise the implementation of the ongoing Economic and Financial Programme (EFP) supported by the Extended Credit Facility (ECF) of the IMF (2017 -2019), elections in Cameroon and financing of Small and Medium Size Enterprises.  

Louis Paul Motaze was born on the 31 January 1959 at Bengbis in the Dja and Lobo Division of the South Region of Cameroon, is married and father of three chidren.