YAOUNDE, March 26 (Xinhua) -- The economy of Central African countries is expected to grow 3.6 percent this year, according to the Bank of Central African States (BEAC).
Established in 1972 and headquartered in Cameroon, the BEAC serves as the central bank for the six states of the Economic and Monetary Community of Central Africa (CEMAC), namely Gabon, Cameroon, the Central African Republic, Chad, the Republic of the Congo and Equatorial Guinea.
The 3.6 growth rate will mainly be supported by "the good performance of non-oil activities," said BEAC Governor Yvon Sana Monday evening following the 2024 first ordinary session of the bank, held in Yaounde, the capital of Cameroon.
Inflation in the sub-region is expected to be 5.5 percent this year, he added.
In 2023, the growth rate in the CEMAC zone was 2.4 percent, with an inflation rate of 6.1 percent, according to the BEAC. ■
