(Ecofin Agency) – Banks and financial institutions in the CEMAC zone are seeing growth in demand for financing, at the dawn of the Zlecaf and especially with the overall resumption of economic activities despite the Covid. This leads to a pressing need for liquidity that the BEAC is struggling to meet.
1is March 2022, the CFAF 200 billion envelope made available to credit institutions by the Bank of Central African States (BEAC) as part of its weekly liquidity injection operations, was fully received by the banks recipients. According to the report on the operation made public by the bank, demand (316 billion FCFA) is still well above supply.
There is therefore a real need for liquidity in certain credit institutions in the CEMAC zone, observes Invest in Cameroon. Institutions which must face a visibly increasing demand for financing from companies and individuals, in a context of resumption of economic activities after the adaptation to the coronavirus pandemic.
The strong demand expressed by bankers on 1is March 2022 testifies to the importance of BEAC’s liquidity injection operations in CEMAC’s monetary policy steering system. According to the latest edition of the “research letter” published by the central bank, these operations not only make it possible to finance the economies of the community, but also to avoid the interbank market being exposed to liquidity risk.