The member states of the CEMAC zone have taken a firm decision to prevent at all cost, the sub Region from economic crisis.
It’s on the occasion of an extraordinary summit of Heads of States and governments scheduled in Chad, that the leaders headed by the Chadian president are emphasising on the need to fight hard to come out of the economic difficulties that they are going through.
The International Monetary Fund had made some propositions on structural reforms the CEMAC presidents should adopt and that is one of the main things that is bringing the leaders of the sub Region together.
The IMF felt the need to alert leaders of the sub-Region when they noticed that they are likely to face more economic problems in the future. The international organisation warned the leaders of the Region and presented the risks that CEMAC countries are exposed to if they don’t apply the reforms they proposed.
Since 2016, several analysts were already getting worried about a probable devaluation of the FCFA, that’s why the heads of States have been doing everything possible to avoid it.
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