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The governor of the bank of Central African States resumes office

The governor of the bank of Central African States resumes office

Cameroon

Chad’s former finance minister Abbas Mahamat Tolli is the new governor of the Bank of Central African States.

The 44 years old, officially resumed office in Cameroon’s capital, Yaounde on March 31.

However, a period of crisis and challenges awaits the former finance minister.

With savings a little diversified, most of the countries of the region are affected by the fall in the price of oil.

The decrease in foreign exchange reserves is also a puzzle that concerned the region until the International Monetary Fund came i in the picture of which the 6 countries members of the BEAC wished to negotiate economic programs with.

Without counting the rise of the debate on the abandonment of the currency FCFA, budgetary discipline and economic diversification, are the two themes that will be the focus of the mandate of the new governor.

The region is however, optimistic as the 2017 data table shows a growth of 1.7%, compared to 0.2% in 2016.

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