SPECIAL REPORT: CENTRAL AFRICAN CEMAC REGION SLIPS ON DEBT SUSTAINABILITY GOALS

   Tue, 04 June 2019

The central African regional CEMAC bloc is unlikely to fully deliver on its fiscal consolidation and debt sustainability agenda, as its respective national governments prioritise political patronage and regime survival over fiscal and monetary prudence. Failure to successfully implement IMF-mandated reforms is likely to trigger a devaluation of the CEMAC currency, which would in turn sharply increase non-payment risks across key sectors.