According to the International Monetary Fund (IMF), the CEMAC zone has largely taken advantage of the economic shock linked to the war in Ukraine to strengthen its external position and its gradual post-pandemic recovery. Thus, the institution, in estime a press release published on Thursday, December 22, that the economic growth of the member countries of the Communauté économique et monétaire de l' Afrique centrale ( Cameroon, Congo, Gabon, Equatorial Guinea, the Central African Republic and Chad) is expected to reach 3.4% in 2022, before gradually increasing to exceed 3, 5% in the medium term.

At the end of annual discussions with the member states of the regional bloc, the IMF specified that “the outlook for 2023 is generally positive, thanks to high oil prices, the lifting of Covid-19 containment measures and to the careful management of oil resources within the framework of programmes supported by the Fund”.

For him, “the shock linked to the war in Ukraine has greatly benefited the CEMAC zone, strengthening its external position and its gradual post-pandemic recovery.” Inflation is expected to slow to 3.3% in 2023, before falling below 3% from 2024, if monetary policy remains tight.