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...
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 the spike in covid-19 and the fall in international oil prices, Chad is back has been pushed economically to the wall. In order to avoid...
State agents will be paid this April before the end of this month. This is in compliance with the measures adopted as part of the fight against the spread of Covid-19 obliges, from April 21 they will go to the cashier. Defense and security forces will open the floor. A few days before April 25,...
Faced with the spread of Covid-19 which is blocking economic activities and threatening the bankruptcy of companies, Gabon’s Directorate General of Taxes (DGI) has published, the calendar relating to the tax deferral. An initiative announced early April by President Ali Bongo Ondimba to help companies overcome the crisis triggered by the pandemic. In order to...
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