Macroeconomics: CEMAC Evaluates Cameroon’s Performance

The Central African Economic and Monetary Community (CEMAC)’s Multilateral Surveillance Mission is in Cameroon to evaluate the country’s macroeconomic performance in 2018 and give perspectives for this year. The bi-annual evaluation visit to Cameroon which started yesterday Monday February 4, is expected to end on Wednesday February 13, 2019. The visiting team is being led by CEMAC’s Director of Multilateral Surveillance, Nguemeni Jean-Claude.

The visiting evaluation team first met yesterday with officials of the Ministry of Economy, Planning and Regional Development as well as those of the Ministry of Finance. The evaluation visit is part of efforts for CEMAC member countries to rebound after a sustained slowdown in economic growth in the sub-region caused by fall in oil prices in 2014 as well as drop in global commodity prices. The visiting team seeks to follow up the implementation of a sub-regional reform programme put in place by Heads of State of Cameroon, Gabon, Central African Republic, Chad, Republic of Congo and Equatorial Guinea.

They had on December 23, 2016, adopted 21 recovery measures which were integrated in a CEMAC Economic and Financial Reform Programme earlier put in place in July 2016. The CEMAC team will evaluate the macroeconomic situation of Cameroo...