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Finance

Cameroon’s Finance Minister promises to put recent IMF to judicious use

On May 4, 2020, the Board of Directors of the International Monetary Fund (IMF) granted a new loan of CFAF 135 billion to Cameroon. Money that will be entirely devoted...
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CAR debt moratorium at the heart of discussions between Minister Dondra and international financial partners

The issue of temporary suspension of debt service for the poorest countries, including the Central African Republic through the G20, was at the heart of discussions this Wednesday, May 6,...
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Bekou Fund and EU reach out to the Central African Republic

The European Union and the states contributing to the Bêkou Fund – Germany, France, Italy, the Netherlands and Switzerland – adopted in April three new programs for resilience and recovery...
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IMF Approves 132 billion FCFA Disbursement to Cameroon to address impact of Covid 19 pandemic

Among the African countries most affected by the Coronavirus pandemic, Cameroon has just received significant financial support. The country of Paul Biya was granted a loan of 226 million dollars,...
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BEAC dangles devaluation hammer on CEMAC countries

The spread of Covid-19 in the Central African Economic and Monetary Community CEMAC still poses a new risk of devaluation of the common currency, the CFA Franc. At least that’s...
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Cameroon raises 34 billion FCFA in third Treasury Bond operation

Though expecting 50 billion FCFA, the  State of Cameroon is  satisfied with  34 billion FCFA, obtained on the money market on April 29, 2020. It was during its third operation...
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Cameroon’s loan request to the IMF postponed over lack of an economic recovery plan

According to the official agenda of the International Monetary Fund (IMF), Cameroon’s case was to be examined on April 28, 2020 by its Board of Directors. But, in the absence...
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According to International Budget Partnership, Chadians are sidelined from the budgetary process

In the Open Budget Survey 2019 established by the International Budget Partnership, Chad scores 0 out of 100 compared to public participation in the budget process. Transparency alone is not...
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Banks in the CEMAC zone to face stiff regulations

Banking regulation has remained rigid for the banking sector in the CEMAC zone. Commercial banks in the sub-region are forced to continue to strictly adhere to the prudent rules that...
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Chad seals deal with Islamic Developemnt Bank for the tarring of Abeche-Abouglem road

Chad and the Islamic Development Bank have signed a loan agreement on for the construction and asphalting of the Abeché – Abouglem road. The Abéché Abouglem section construction and asphalting...
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Gabon pleads for the cancellation of Africa’s debts

Gabon, like other countries on the continent, calls for the cancellation of the debt of African countries without distinction of category. The announcement was officially made by Prime Minister Julien...
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Discussions underway in Chad for the payment of internal debts

No consensus between the Chadian Ministry of Finance and Budget and credit institutions. The two parties have deferred on the possibility of paying the domestic debt in a meeting on...
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Congolese household assets in International banks reach $533 million in 2019

By the end of December 2019, assets in international banks of households residing in Congo-Brazzaville were $ 533 million, according to statistics provided by the Bank for International Settlements (BIS),...
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IMF approves 22 billion FCFA for the Central African Republic

“I came to congratulate the Minister of Finance for the approval by the board of directors of the International Monetary Fund (IMF) of the Rapid Credit Facility program which includes...
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