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Finance

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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The moratorium on maturing bank loans outlined for Gabonese companies

The terms of the moratorium on maturities of corporate bank loans were detailed by the Ministry of Economy and Finance on April 22. Aimed at companies of all sizes, this...
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IMF disburses $ 38 million to CAR under the credit facility to mitigate the impact of covid-19

The Executive Board of the International Monetary Fund (IMF) approved, on April 20, an emergency disbursement in the amount of 27.85 million special drawing rights, the equivalent of approximately $...
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“Covid-19 will cost Gabon a 600 billion FCFA budget loss” – Former Economy and Finance Minister

Régis Immogault has outlined some possible solutions to help the Gabonese state master the economic shock caused by the Covid-19. Noting that the crisis will cause budget losses of around...
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IMF disburses $155 million to help Chad counter Coronavirus

The IMF (International Monetary Fund) Board of Directors approved the disbursement of $ 115.1 million to the Chadian government to combat the Covid-19 pandemic. The context is particularly unstable. With...
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