Central African countries struggle with budget deficit

Recent reduction in crude oil prices is telling on the savings of Central African countries.

The International Monetary Fund said the Economic and Monetary Community (CEMAC) region of the African continent had a budget deficit of 6.5 % in 2015.

Director of the International Monetary Fund (IMF) Christine Lagarde said the economic growth rate in the six-nations of the Economic and Monetary Community of Central Africa (CEMAC), dropped to 2 percent down from an estimated 4 percent in 2015.

Acc…
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