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“Luigi Di Maio, Italian deputy prime minister… accused the French government of manipulating the economies of mainly former French colonies in Africa, which use a form of the pre-independence currency known as a CFA franc.” Source: BBC Franc commentary: Myriad of African economists have argued on both sides of this issue over recent decades, so, that
Questions over the CFA franc’s peg to the euro; and XAF/XOF parity A Franctrade survey suggests that the CFA franc’s peg to the euro will remain a major theme for business and industry leaders in the region in 2019 with many participants taking the view that a devaluation of the currency is now
Most of the CFA franc zone countries in both central and west Africa are currently considered to be at moderate risk of debt distress. Of the remaining four, three are deemed to be at high risk of debt distress–Cameroon, the Central African Republic and Chad; while Senegal is at low risk. None of the countries profiled is
Sources:CARI, franctrade
The just ended Forum on China-Africa Cooperation (FOCAC) in Beijing,China showcased South-South cooperation at a time when protectionist policies have gained ground in some major economies and which risk undermining North-South partnerships. China’s pledge of another USD60 billion in additional support for African countries has fueled debate on the sustainability of China’s financial and trading relationship with Africa. Meanwhile,
