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CEMAC: After 2,700 Billion CFA Francs of Subsidies, BEAC Warns About the Impossibility of Replicating This Effort in the Event of a New Oil Shock
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After mobilizing nearly CFAF 2,700 billion (approximately US$ 4.5 billion), or 4.2 per cent of regional GDP, to subsidize fuels to amortize the oil shock caused by the war in Ukraine in 2022-2023, CEMAC countries now have significantly reduced budget margins. The Bank of [...] L'article CEMAC: After CFAF 2,700 billion grants, BEAC warns about the impossibility of replicating this effort in the event of a new oil shock appeared first on Chadinfos.
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