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Central Africa
CEMAC struggles to draw up its 2022 spending programme

The extraordinary meeting was called by CEMAC chairman, former Gabonese prime minister Daniel Ona Ondo. © Facebook/Commission CEMAC

The institution headed by former Gabonese prime minister Daniel Ona Ondo has set its 2022 spending programme at 94bn CFA francs. This looks like an increase on the previous year but, in fact, the failure of member states to pay their contributions will lead to a drastic reduction in its operating costs. [...]

Published on 08/03/2022 at 06:00 GMT Reading time 2 minutes

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Diplomacy

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Central African Economic and Monetary Community
Daniel Ona Ondo
European Union

Central African Republic, Chad
IMF splashes out for some CEMAC states but leaves N'Djamena and Bangui hanging

Since the beginning of the year, the International Monetary Fund has signed support programmes with four of the six countries in the oil-dependent and Covid-weakened Central African monetary zone. But its talks with Chad and the Central African Republic have stalled.

Subscribers only Finance, Politics 22.11.2021

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Daniel Ona Ondo
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