BEAC stretches a Helping Hand into the CEMAC Sub Region

The Bank of Central African States, BEAC has injected the sum of 250 billion CFA Francs into the CEMAC banking system to address high liquidity demands, though banks had requested 423 billion CFA Francs. This follows BEAC’s decision taken on June, to resume liquidity support after tightening monetary policies to curb inflation. The funds aims to support CEMAC’s protected 3.6% economic growth in 2024.