Study Says BEAC Needs Emergency Liquidity Tool for Geopolitical Shocks

The Bank of Central African States (BEAC) should create an emergency liquidity facility worth CFA1.7 trillion to CFA2.3 trillion to protect financing for essential imports during global geopolitical shocks, according to a new study. The proposed facility would finance critical imports such as food, fuel, and pharmaceuticals during periods of severe international disruption. The suggested size of the fund corresponds to the $3 billion to $4 billion recommended by the authors, or roughly 2% to 3% of the Central African Economic and Monetary Community's (CEMAC) gross domestic product. The CFA franc equivalent is approximate and depends on the exchange rate used. The…

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