According to Agence France Presse, to date, 46 countries out of the 73 eligible, have requested and obtained a postponement of the payment of interest, for an amount of 5.7...Read More
"The reserves were in the negative zone so it was necessary to urgently and drastically put in place rather monetary programs and austerity programs which led to cuts in wages,...Read More
“With the fall in oil prices over the medium term, the outlook is that Cemac's budgetary and external adjustments will be slower than previously expected, and risks are tilted to...Read More
Asked about the continuation of the macroeconomic reform program concluded with the Congo in July 2019, the representative of the Bretton Woods institution said that discussions on this subject will...Read More
Abebe Aemro Selassie, Director of the IMF's Africa department, noted that sub-Saharan Africa is currently facing an unprecedented health and economic crisis. “In just a few short months, this crisis...Read More
The report also points out that this rate exceeds the convergence threshold of 70% of GDP in force in the Cemac zone, the Economic Community of Central African States (Cameroon,...Read More
It should be noted that the second phase of the CEMAC financial market merger project initiated in July 2019 concerns: the reform of the regulatory framework relating to market activities...Read More
"After the recent crisis, it is estimated that our Gross Domestic Product would fall by about 6% in 2020, compared to an initial forecast of a 1.6% drop. In a...Read More
At the end of the discussions, the consensual memorandum adopted by the African governors of the IMF and the World Bank highlighted an improvement in external aid and the effectiveness...Read More
“The outcome of the discussions with the IMF is favorable to the disbursement of the second tranche of financing and perhaps the lifting of the others. hanging files. In fact,...Read More