With GDP growth estimated at 4.4% in 2019 compared to the estimated 3% for the CEMAC
zone, Cameroon is certainly the Hub of Commerce for the entire Central African zone.
Reserve accumulation in CEMAC
stalled in early 2018, due to a contraction in oil production and fiscal slippages in several countries of the zone.
We are not at the stage of discussing CEMAC
countries leaving the CFA Franc zone.
GIMAC and TerraPay have agreed to partner to strengthen the remittances ecosystem in the CEMAC
region, the company said.
BEAC has also stopped providing financing to CEMAC
Low ratings reflect high risks The stabilisation of external buffers since mid-2017 underscores our assumption that there will be no break-up of the CEMAC
monetary arrangement and no devaluation of the CFA franc against the euro.
Other currency unions namely Economic and Monetary Community of Central Africa (CEMAC
), West African Economic and Monetary Union (WAEMU) and East Caribbean Currency Area (ECCA) are also examples of countries from the same region using the same currency for economic reasons.
Cameroon's decision to accept an Economic Partnership Agreement (EPA) with the European Union puts it at loggerheads with the five other members of Central African Economic and Monentary Community (CEMAC
), which are Central African Republic, Chad, Republic of Congo, Equatorial Guinea and Gabon.
The Cameroonian state's operations on the financial market in 2016 will total FCfa 370bn ($616m), out of which FCfa 210bn ($350m) will be raised through the issuance of Treasury Bills and FCfa 60bn ($100m) through the issuance of Treasury Bonds on the public stock market of the Central Bank of the Cemac
(Economic and Monetary Community of Central Africa) states, followed by a FCfa 100bn ($166m) bond, to be launched on the Douala Stock Exchange.
En revanche, la bonne tenue de l'activite a l'international des trois plus grands groupes bancaires au Maroc (des previsions de croissance au-dessus de 6% pour la zone UEMOA et de 4% pour la zone CEMAC
selon le FMI), couplee a une gestion maitrisee du risque pourraient soutenir leurs croissance.