CEMAC zone: recession could reach 6% according to BEAC

All the indicators are certainly not red. But most of the economic indicators in the six countries of the Economic and Monetary Community of Central Africa (CEMAC) are already found the Monetary Policy Committee (CPM) of the Bank of Central African States (BEAC) at the end of the second annual session on June 24, 2020 in Yaoundé.

Analyzing the situation in Central Africa, it emerges that in the short and medium terms, the CEMAC zone is affected by the health crisis and the fall in the prices of the main export products. "

"In the first half of 2020, the revival of productive activities was slowed down in the sub-region by the disruption of supply circuits for imported products as well as by the restrictive measures adopted by the various governments to contain the effects of the pandemic. Although it is premature for the moment to fully grasp the impact of COVID-19 on national economies, it is already anticipated during this first semester a drop in production as well as a det…

Coronavirus: A fund to advance money to small businesses | France

Some companies are in difficulty, but are not eligible for the national solidarity system. To compensate for this lack, a fund which will allow up to 10,000 euros to be paid to companies with fewer than 10 employees has been launched in the Pays de la Loire region, the region's president announced on Tuesday.

A fund to advance money to small businesses

"What I feared is that, for example, a trader who has a turnover drop of 40%, and suddenly, he is not helped at all", explained Christelle Morance (LR ) about the national solidarity fund. The latter offers a subsidy of 1,500 euros, as soon as a small business can prove that it has lost at least 50% of its turnover.

This regional system is intended to be very simple and rapid, with a declaration on honor made by the business manager, ensuring that he does not benefit from the national system. The amount loaned will range from 3,500 euros for companies with less than 50,000 euros in turnover per year, to 10,000 euros for those with more than 100,000 euros. They will then have between one and three years to repay.

Departments and agglomerations mobilized

"This fund will be endowed with 32 million euros initially," continued Christelle Morance, explaining that the Banque des Territoires and the region contributed half, while the five departments that make up the Pays-de-la- Loire and the intermunicipalities brought the other half. Each community contributes up to two euros per inhabitant and the money it advances is allocated to businesses in its territory.

"All of the major cities in each department: Nantes, La Roche-sur-Yon, Angers, Le Mans and Laval said yes, and today more than two-thirds of the intermunicipal authorities are responding favorably and I think we will arrive to 100% of intermunicipal links in a few days, "said the regional president. The project will start in mid-April.