The extraordinary session of the CEMAC Heads of State Conference ended on 25 October in Ndjamena, the Chadian capital.
CEMAC under pressure to deliver [Business]
Beyond the speculations and assumptions by public opinion, the main aim has been to take stock of the economic situation in the sub-regions since the extraordinary summit of 23 December 2016 in Yaounde.
The CEMAC area is still recovering, although there is a slight improvement compared to 2016. For the first time since 2016, the sub-region has recorded a budget surplus of 0.5%, which is better than the 0.1 growth rate recorded in 2016.
In any case, President Déby – who is also the current CEMAC Chairman-in-Office – deplored and highlighted a guilty slackening in recovery efforts.
Congo and Equatorial Guinea are reluctant to undertake bold economic reforms – thus dragging the sub-region down.
But for how much longer!
@philemonmbale