N’Djamena (National Times) – Leaders of the Central African Economic and Monetary Community (CEMAC), meeting in N’Djamena, Chad on Thursday, October 25, 2018, congratulated Paul Biya for what they termed his “brilliant re-election as President of Cameroon.
“At the end of the meeting, the Heads of State and Governments expressed their warmest congratulations to His Excellence Mr Paul Biya for his brilliant re-election at the supreme magistracy of the Republic of Cameroon,” the leaders declared.
Bearing in mind the deteriorating security situation in the Anglophone Regions, the leaders of CEMAC called for dialogue so as to save Cameroon whose collapse would be tantamount to a total breakdown of the Region.
“The Heads of State and Government…called on their Cameroonian brothers to make the choice of dialogue for peace which is highly needed in Cameroon as well as the CEMAC zone.”
This is one of the rare official statements by CEMAC Heads of State since the Anglophone Crisis started two years ago. However, the leaders did not ponder much on the conflict but also paid attention to other financial matters affecting the zone. Unlike other regional blocks which dwell on peace and security issues of their member countries, CEMAC leaders have largely stayed indifferent.
The extraordinary summit also called on the Bank of Central African States (BEAC) to implement all measures at its level to ensure that the zone comes out of the current economic crisis it is facing as well as ensure monetary stability.
In this light, the leaders also reject any plans by the IMF and France to devalue the Central African Franc CFA, which is a currency to the six countries.
Member countries were also encouraged to facilitate Regional integration as well as stop capital flight.
The conference was chaired by Chadian leader, Idriss Deby Itno, who is also Chairperson of CEMAC Heads of State conference.
Also in attendance was Denis Sassou Ngeusso of Congo and Obiang Nguema Mbasogo, who represented Equatorial Guinea. Philemon Yang sat in for Paul Biya, while Gabon and the Central African Republic were represented by their Foreign Minister and Finance Minister respectively.