Posted to the web 10 October 2008 Leocadia Bongben An Economist cum Lecturer at the University of Yaounde II, Prof. Fondoh Sikod, has said the current world financial crisis could stir indirect repercussions on the countries of the Central African Economic and Monetary Community, CEMAC. He appreciated the crisis within the framework of preparations by the 15 Finance Ministers of the franc zone for the upcoming General Assembly of the International Monetary Fund and the World Bank with the issue of the financial crisis top on the agenda. The effects of the crisis may be felt if 'industries cannot get loans or credits. This means it would affect production and there would be scarcity. Buyers would consequently be priced out of the market,' Sikot said.In the same vein, Finance Ministers think that the financial crisis could...
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