Feb 9 β€’ 07:13 UTC πŸ‡ΆπŸ‡¦ Qatar Al Jazeera

Unprecedented financial crisis hits the Economic Community of Central African States (ECCAS)

The Economic Community of Central African States (ECCAS) is experiencing an unprecedented financial crisis that has led to the suspension of part of its activities to cut expenses.

The Economic Community of Central African States (ECCAS) is facing an unprecedented financial crisis that prompted the suspension of several of its activities as a stringent internal measure aimed at reducing expenditures. An internal memo from the commission highlights a continuous deterioration in its financial situation, leading to the decision to halt unnecessary administrative meetings and official missions listed in the 2026 budget. The President of the commission, Baptiste Ngonga, described these austerity measures as essential for the institution's survival.

The core of this crisis is linked to the Community Integration Tax, the primary revenue source for ECCAS. This tax is levied on imports; however, member states have been irregular in remitting it to the ECCAS treasury, often opting to retain it domestically. Experts suggest this reflects the financial difficulties that these governments are themselves grappling with. Gabon is the only member state that has established an independent mechanism to collect this tax, remitting 10.5 billion Central African francs (approximately $19 million) in 2025, while the rest of the member countries have not disclosed any official figures.

As the situation develops, the implications for ECCAS and its ability to function effectively could be significant, potentially hampering regional integration efforts and cooperation among Central African nations. This financial crisis underscores systemic issues in the governance and fiscal practices among the member states, raising questions about the sustainability of the organization's objectives and operations in the face of such challenges.

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