Moody's: CEMAC countries increasingly likely to seek IMF program support amid dwindling policy and financing options
New York, March 06, 2017-- Member countries of the Economic and Monetary Community of Central Africa face dwindling financing options as they struggle to adjust to the ongoing impact of lower oil prices and are increasingly likely to turn to an IMF program, which would anchor reform and offer liquidity relief, Moody's Investors Service said in a report today. The report, "Sovereigns-- Sub-Saharan Africa: IMF Programs Offer Prospect of Liquidity Relief to CEMAC Countries, But Will...
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