Yaoundé - 14 July 2020 -

CEMAC: The BEAC injects XAF500 bln into the CEMAC banking system

CEMAC: The BEAC injects XAF500 bln into the CEMAC banking system
  • Comments   -   Thursday, 09 April 2020 10:23

(Business in Cameroon) - The Bank of Central African States (BEAC) announces that over the April 9-16, 2020 period, it will provide XAF250 billion of liquidity to banks operating within the CEMAC region.

This is the second time the BEAC is offering the same volume of liquidity in the CEMAC money market within two weeks. These new liquidity injections are part of the central bank’s answers to the coronavirus crisis that is threatening CEMAC economies.

Indeed, per a decision by the monetary policy committee in February 2020, the BEAC was getting ready to start liquidity-absorption operations but, due to the crisis, it stopped those operations in March.

At the end of a session of the monetary policy committee on March 27, it was decided that the BEAC would relaunch liquidity injection operations and if needed, increase the volumes. All these measures are issued to allow credit institutions enough room for maneuver so that they can meet the fund needs of economic operators affected by the coronavirus health crisis.

In that regard, the BEAC also extended the range of acceptable collateral for refinancing operations on the money market.


The Development Bank of the Central African States (BDEAC) provided CFAF271 billion of financial assistance for the implementation of 18 projects in the...
At the end of May 2020, Régie du terminal à conteneurs du port de Douala (RTC) posted a CFAF19.7 billion turnover despite the coronavirus pandemic and the...
Cameroon plans to control the debts generated by public institutions and enterprises over the 2021-2023 period, according to the provisions included in...
"It is with great pleasure that we announce the return of draught beer in the cities of Douala and Yaounde.” This message was published on July 13 by...

Mags frontpage

Business in Cameroon n88: June 2020

Covid 19 Its impacts so far

Emmanuel de Tailly (SABC) : «Preserving jobs at all costs»

Investir au Cameroun n98 Juin 2020

Covid 19 Et maintenant, l’étendue des dégâts

Emmanuel de Tailly (SABC) : «Maintenir l’emploi coûte que coûte »