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Central Africa: The “yes, but…” answer of Cameroon’s Biya and his peers to the IMF

The head of the IMF, Kristalina Georgieva, expressed her satisfaction after participating in the Extraordinary Virtual Summit of the Heads of ... State of the Communauté Économique des États de l'Afrique Centrale (CEMAC) on 18 August 2021. “I welcome the commitment of CEMAC heads of state to deep structural reforms to radically transform and diversify the region, continue to support regional institutions and reduce its dependence on commodities,” she said a few hours after the summit.

Can China and the Paris Club work together in serving Africa?

The coronavirus pandemic has sparked off the first recession in 25 years in Sub-Saharan Africa, the World Bank says. Amongst other consequences, ... Covid-19 has ‘exacerbated public debt vulnerabilities’. Though the Paris Club was previously the sole institutional interlocutor of African states’ debt, China’s rise as a global power is proving to be a challenge. Will differences between these two powerhouses have consequences? What are the implications for the countries benefitting from China’s financial assistance?