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IMF warns of looming reserve crisis in Central Africa

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Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • CEMAC reserve cover could fall to 3.1 months by 2030
  • Currency pressure and debt servicing add strain to fiscal outlook

The International Monetary Fund has warned of a deteriorating financial outlook in the Central African Economic and Monetary Community (CEMAC), cautioning that without bolder fiscal consolidation and urgent policy action, the region could face dangerously low foreign reserves and intensifying currency risks.

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