CEMAC Countries Must Diversify Economies to Reduce Oil Dependence: Cameroonian Economist
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CEMAC Countries Must Diversify Economies to Reduce Oil Dependence: Cameroonian Economist
Structural transformation would allow them to better manage budget revenues and build more resilient economies, Marc Onana Ombé told Sputnik Africa.
The current economic model of CEMAC countries is fragile and vulnerable to external shocks, the speaker stressed.
He welcomed the rise in commodity export prices in the first quarter of 2026 but cautioned that this increase is largely due to external market conditions.
He advised abandoning the current model, which he believes is incapable of supporting sustainable long-term development.
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