(Business in Cameroon) - Yesterday May 25, 2021, the Bank of Central African States (BEAC) offered XAF250 billion of liquidity to banks operating in the CEMAC region. This volume is the same the central bank has been offering weekly despite the gradual rise in banks' liquidity demands since early 2021.
In the region, banks’ liquidity demand is so high that in March 2021, a record XAF1,213 billion was injected into the CEMAC banking sector.“
T
his is the first time credit institutions operating in the sub-region have ever captured such a huge amount during the liquidity injections operations organized by the central bank within a month,” the National Sinking Fund of Cameroon (CAA) writes in its report on Cameroon’s public debt as of end-March 2021.