IT SEEMS THAT CEMAC IS AGONIZING! IL SEMBLE QUE LA CEMAC AGONISE !
English version CEMAC (Economic and Monetary Community of Central Africa) is going through an unprecedented financial crisis. So much so that the CEMAC Commission has just suspended its activities for lack of cash flow. This crisis is symptomatic of profound structural problems. The Community Integration Tax (TCI) was created to prevent CEMAC from depending on the goodwill of the States. This tax is levied on imports and legally belongs to the community, not to the States. If states (such as Gabon, Congo, Cameroon or Chad) collect this money but refuse to return it, it technically amounts to diversing community funds to fill their own budget holes. This proves that national treasuries are suffering greatly. Regional integration requires states to give up some sovereignty for the common good. By blocking the funds, the leaders of the zone show that the survival of their own administration comes before the regional construction. This is a sign that the solidarity displayed in the su...
