A financial difficulty due to the low rate of repayment of the Community Integration Tax (TCI), announced recently, Daniel Ona Ondo, president of the commission of the institution.
"The Treasury of the Community is increasingly tense," said Daniel Ona Ondo, president of the commission of the Economic and Monetary Community of Central Africa (CEMAC). This is what is to be remembered from the work of the 37th session of the Council of Ministers of the Central African Economic Union (UEAC), held last week in Yaoundé.
According to the President of the CEMAC Commission, the reasons for this cash flow tension lie in the (very) low rate of repayment by the Member States of the Community Integration Tax (TCI).
This contribution is composed of: 51.6 billion CFA francs in arrears for the 2019 financial year; 27.3 billion CFA francs of revenue for the 2020 financial year collected and not reserved; 20.8 billion CFA francs representing unrealized additional payments.