Central bank injects liquidity to CEMAC through credit institutions

By Ndumbe Bell Joseph Gaston in Douala Fresh hopes have been ignited in the liquidity sector of the Central African trading block (CEMAC) after the injection of a stimulus package of FCFA 205.7 billion issued and channeled to commercial banks by the Bank of Central African States (BEAC) in a unanimous effort to access credit to economic operators engaged in the economic development activities of the block. In a report also carried by a prominent business magazine among others, while this move is of record significance, the reported amount fell shorter than the amount of FCFA 270 billion initially intended…