30 March 2020 – Central Bank to inject 500 billion FCFA to mitigate impact of COVID-19

Type of Intervention: Financial and Economic
Sectors Involved: Central Bank, Finance/Economy
Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National
Lead People/Agency: CEMAC

Overview: Cémac zone: the central bank will inject 500 billion FCFA to mitigate the impact of Covid-19
Full details here: http://www.adiac-congo.com/content/zone-cemac-la-banque-centrale-va-injecter-500-milliards-fcfa-pour-attenuer-limpact-du-covid

Type of Justification: Advice of EXTERNAL expert advisor or advisory committee, Advice of EXTERNAL group of non-academics (e.g. business or community leaders)
Source of Evidence or Justification: International – other
Evidence/Justification: The Ministers of Economy and Finance of the area who met in Brazzaville on March 28, approved the injection of liquidity into the sub-regional banking system and the release of an envelope of 90 billion FCFA intended to finance the fight against the coronavirus (Covid-19).