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Central African Countries” Economy to Grow in 2014

posted by – January 10th, 2014


Malabo, Jan 9 (Prensa Latina) The economic growth of the Central African Economic and Monetary Community (CEMAC) will reach 5.3 percent in 2014 in comparison to the 2.6 percent registered in 2013.

The announcement was recently issued by Governor of the Bank of Central African States (BEAC) and Statutory President of Monetary Policy Committee (MPC), Lucas Abaga Nchama, during the fourth meeting held in Douala, Cameroon’s economic capital.

When quoting the official, the Equatorial Guinea’s Press and Information Office noted the evolution of the world’s economy in the fourth quarter of 2013, as well as economic, monetary and financial estimates of CEMAC were taken into account for issuing that prediction.

According to the source, Abaga Nchama told the representatives of Equatorial Guinea, Cameroon, Gabon, Congo, Chad and the Central African Republic that 2014 will be characterized by an improvement in sub-regional economic conditions.

Abaga Nchama underlined the progress will be possible thanks to the increase in the production of fuel and the activities of the non-oil sector.