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CEMAC Misses Foreign Reserves Target as IMF Warns of Economic Uncertainty

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International Monetary Funds
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Amindeh Blaise Atabong

Amindeh Blaise Atabong is a financial journalist with a track record of high-impact reporting.
  • Bloc falls €4.43 billion short of net foreign assets target for June 2024
  • IMF urges fiscal consolidation and stricter foreign exchange enforcement

Yaoundé, Cameroon – The Central African Economic and Monetary Community (CEMAC) failed to meet its net foreign assets (NFA) target for June 2024, missing the mark by €4.43 billion, the International Monetary Fund (IMF) said on Wednesday.

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