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, estimated at 132 billion CFA francs, from the International Monetary Fund (IMF). The decision was taken during the board of directors of this international institution...
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 what emerges from recent meetings of the Bank of Central African States BEAC. With the rapid progression of the coronavirus having led to the decline...
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 of issuance of Assimilable Treasury Bonds (OTA) that it engaged for some months, to obtain 220 billion FCFA in order to be able to finance...
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 of the country’s economic recovery plan; the file has been put on hold again. “The examination of the Cameroon file has been postponed to an...
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 enough to improve governance in Chad. With inclusive public participation, the results may be better than they are today. The Open Budget Survey assessed, in...
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 apply to them in the classification and procurement of loans they have granted, an internal document from the Central Bank of Central African States (BEAC)...
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 project is part of the complete construction of the Abeché – Adré road, Sudan border, with a total length of 174 km divided into two...
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 Nkoghe Bekale . Gabon is in favor of the total elimination of the debt of the countries of the continent without distinction of category, as...
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 Tuesday. Domestic debt payments must wait another week. A meeting between the Minister of Finance and Budget, Hamid Tahir Nguilin and the banking establishments took...
