Meeting on April 8, 2026, in N’Djamena, the PREF-CEMAC steering committee draws up an initial mixed assessment of the reforms initiated after the Brazzaville summit: progress exists, but remains below the stated ambitions.
Three months after the strong decisions taken during the extraordinary summit in Brazzaville, CEMAC is trying to follow through. Meeting in its sixth extraordinary session under the chairmanship of Christian Yoka, the PREF-CEMAC steering committee examined the report for the first quarter of 2026. Verdict: progress has been recorded, but it remains uneven and insufficient.
Member states have notably progressed in their cooperation with the IMF, strengthened banking supervision and initiated the digitalization of public finances. These efforts reflect a renewed political will to restore macroeconomic balances in an uncertain international context.
However, this progress masks significant disparities between countries and persistent delays on key projects. The repatriation of export earnings remains partial, while structural reforms, such as the import-substitution strategy, are struggling to materialize.
On the macroeconomic front, the situation remains fragile. Despite growth slightly up at 3.5 % in 2025 and inflation controlled at 2.1 %, foreign exchange reserves have eroded, covering only 4.2 months of imports. A performance deemed insufficient to support a sustainable economic transformation.
The committee thus highlights a persistent gap between political ambitions and their effective implementation. The causes: limited institutional capacities, administrative delays and financial constraints.
For CEMAC, the time is no longer for diagnostics but for action. The sub-region’s credibility now depends on its ability to accelerate the execution of reforms and to produce tangible results.
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