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Equatorial Guinea: President Obiang Nguema Mbasogo and BEAC governor talk about Covid-19 crisis

The last meeting between the current Governor of the Bank of Central African States and the Equatorial Guinean representative took place in June last year.

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Equatorial Guinea: President Obiang Nguema Mbasogo and BEAC governor talk about Covid-19 crisis
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Through a hearing held on Wednesday, August 5 in the Ambassadors’ Room, served to address the current economic situation in the context of the Crisis arising from Coronavirus.

The Governor of the Bank of Central African States said that during the sit-in, the greatest focus was on the current economic, social and health crisis that is affecting all countries of the world, caused by Coronavirus and the macroeconomic situation of the CEMAC sub region in general and G.E. in particular.

“I have informed President Obiang Nguema about economic consequences of the Sub region this year, we are following the guidelines of the Heads of State during the CEMAC Summit which was held in Yaoundé in December 2019, on the Reforms program of the Economic and Monetary Community of Central Africa.”

During the meeting held in the Ambassadors’ Room of the People’s Palace, in the presence of the Minister of Finance, Economy and Planning, Cesar Augusto Mba Abogo, Abbas Mahamat, he also made known to the President Obiang Nguema Mbasogo, the measures taken by the Bank of Central African States to stabilize the Cefa franc.

Obiang Nguema Mbasogo and the Governor of BEAC have also focused their attention on other aspects such as financial stability and economic policy of the Central African Subregion, among others.

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