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...
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), an institution based in Basel, Switzerland, and which acts as the Central banks of central banks around the world. The majority of these assets ($...
“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 financing of approximately 22 billion FCA ”, these are the words of the IMF Resident Representative at the end of his hearing with the Minister...
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 measure consists in “suspending the reimbursement of loans contracted by the company with a banking establishment over a given period” In announcing the effectiveness of...
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 $ 38 million ( or 25% of the quota) in favor of the Central African Republic. These funds will help the country meet its urgent balance...
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 600 billion CFA francs, destroy jobs and weaken households, the former minister suggests devoting the state budget to essential needs, accelerating the diversification of the...
