Africa Financial Sector Responses to COVID-19 - CEMAC

Jan 01, 2010

This page presents measures and initiatives by CEMAC, national central bank and Development Finance Institutions (DFIs) in favor of the resilience of the domestic financial sector facing the effects of the COVID-19 pandemic.

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Instrument

Institution

Financing volume

Description 

Liquidity injection / Monetary Policy

BEAC

USD 417 million

(June 03, 2020) Provision of liquidity by the central bank to commercial banks for the third time.  

Liquidity injection / Monetary Policy

BEAC

USD 852 million

 (April 10, 2020) First injection of 250 billion FCFA on April 2, 2020. Second injection of FCFA 250 billion to banks in the CEMAC zone from 9 to 16 April 2020 bringing the total amount to FCFA 500 million.

Rules and Regulations

BEAC

N/A

 (March 29, 2020) Easing of monetary policy; The BEAC has asked its member countries to seek possible assistance from the IMF and the World Bank.

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