Cameroon’s President Paul Biya has warned of “disastrous consequences” for Central Africa’s economy.
At a summit in Yaoundé, Biya stressed urgent action to address declining net external reserves in the six-member CEMAC bloc.
These nations, including Cameroon, Gabon, and Chad, face crises from falling oil production, conflict, and heavy debt.
“Without action, our countries and subregion face severe risks,” Biya cautioned, urging decisive measures to stabilize finances.
The International Monetary Fund has similarly warned that divergent policies and inaction could threaten the region’s economic stability.
Leaders now face pressure to act swiftly, balancing economic reforms with public discontent over potential austerity measures.
