Beac posts 4.2% growth in 2018



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The deputy governor of the Central Bank hailed the stabilization of the economy of this country. It was Thursday in Bangui during the quarterly meeting of the monetary committee he chaired.

The economic growth of the Central African Republic in 2018 is satisfactory according to the Beac. Last Thursday at the quarterly meeting of the Monetary Committee, Beac Deputy Governor Dieudonné Evou Mekou has raised a growth rate of 4.2% for 2018.

According to the Beac, this rate of economic growth is clearly above the world average. It is also above average in the Cemac area.

Dieudonné Evou Mekou also found that the Central African banking sector is doing well. The vice-governor notes at this level a slowdown in credit.

He also recommended to the Central African banks to be more demanding on the quality of credit guarantee.

Similarly, the Central African Republic, according to the vice -governor, must conduct reforms to increase growth in the field of industrialization, foreign exchange reserves at BEAC.

The Central African Minister of Finance and Budget justified this growth by the revival of activities in various sectors of the economy

For Henri Marie Dondra, the end of April was marked by a resumption of activities in the agricultural, forestry, mining and commercial sectors.

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