CEMAC Zone Boosts External Buffer, Faces Fiscal Challenge
Country Risk / Africa / Thu 22 Mar, 2018
The Central African Economic and Monetary Community has strengthened its external buffers, but the region remains vulnerable to any renewed decline in oil prices, and fiscal adjustment to the commodity price shock is still challenging, Fitch Ratings says.
International reserves appear to have bottomed in June 2017, supported by IMF disbursements