finance

Chief Bisong Etahoben6 May 2020
IMF Grants $226m Loan To Cameroon To Meet Balance Of Payment Obligations
The Board of Directors of the International Monetary Fund (IMF) on Monday granted a loan of 226 million dollars (135.56 billion FCFA) to Cameroon under its Rapid Credit Facility programme. The money is intended to help Cameroon in responding to its urgent balance of payment needs occasioned by the COVID-19 pandemic. Speaking after the decision, […]
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Chief Bisong Etahoben5 May 2020
COVID-19 May Lead To Devaluation In CFA Zone In Central Africa Region – Central Bank
The negative effects of COVID-19 on the economies of the member countries of the Central African Economic and Monetary Community, known by its French acronym, CEMAC, could lead to the devaluation of the franc cfa (FCFA) according to a report by the Bank of Central African States, popularly known by its French acronym, BEAC. The […]
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