The economic situation in the Republic of Congo will be a challenge for the Bank of Central African States (BEAC) in 2020, in the light of the latest analysis provided by S&P Global Ratings. According to this rating agency, the CEMAC zone country should experience a recession this year, difficulties in honoring its payment commitments...
Before the nation’s elected officials on Wednesday, Firmin Ngrebada, Prime Minister of the Central African Republic, announced that the country is counting on a budget for a response plan against coronavirus disease estimated at 133,486,544,990 FCFA Prime Minister Firmin Ngrebada met with the Presidents of Commissions of the National Assembly. The Members of Parliament wanted...
Under the Rapid Financing Instrument (IFR) established by the International Monetary Fund (IMF) to mitigate the effects of the Covid-19 pandemic on the economies of member countries, the Bretton Woods institution approved the disbursement about 147 million dollars, (about 88 billion FCFA) for Gabon. The IMF has approved the disbursement of approximately $ 147 million,...
Investors active in the public securities market of the Bank of Central African States have been invited to subscribe to an issue of assimilable Treasury Bonds. (OTA) of the Cameroon Government. Through this operation on OTAs with 5 years of maturity, paid at 5.7%, the Cameroonian Treasury hopes to be able to mobilize an envelope...
The Bank of Central African States BEAC has begun injecting a 250 billion FCFA liquidity into the banking system of the CEMAC sub-region.This means that, banks in the zone will use the funds to keep them float on the economic huddles provoked by the Coronavirus. The move is the second in two weeks which constitutes...
Trade between the North of Cameroon and Nigeria has drastically dropped following the closure of the border by government to contain the spread of the coronavirus. The closure of the border has led to a sharp reduction in food export like cereals, oil and onions. While Imports like fuel and cars cannot enter Cameroon. Car...
Cameroon’s Finance Minister, Louis Paul Motaze has set the term for the application of a measure to reduce custom tarrif by 5% for imported vehicles intended for public transport. The Cameroonian government decided to introduce a reduced customs tariff of 5% on imports of vehicles intended for transport by taxis and buses. The Government move...
The public debt and guarantees of Cameroon stood at about 8424 billion FCFA by December 2019. The Ministry of Finance who published the report also reveals the amount represented at this period, around 37.3% of the Gross Domestic Product, against 5039 billion FCFA at the end of 2015 or 30% of the GDP, representing an...
The Cameroonian government unveiled its debt strategy for the period 2020-2022, in a briefing note on issues of bonds of assimilable treasures (OTA) by auction, published on April 1, 2020 by the Ministry of Finance. The debt need of the Cameroonian State (including budget support) planned for the period 2020-2022 is 3,440 billion FCFA, including...
