The economic situation in the Cemac region continues to dominate headlines, with a parliamentary report presented in Malabo detailing serious financial challenges. The report highlights that as of February, all activities of the Commission were suspended due to lack of funds, reflecting a dire fiscal state. This has raised alarms about the operational capabilities of the regional body, which relies on contributions from member states to function effectively.

According to the report, member states owe a staggering amount of 263 billion FCFA (approximately 400 million euros) in arrears for the Tax on Community Integration (TCI), which is the chief source of financing for Cemac. The collection of this tax has been alarmingly low, with only about 60% collected last year. Of the region’s six member states, only Gabon and Cameroon have met their minimum contribution requirements, while several others have failed to contribute at all, with some reporting zero participation.

This situation has been attributed to a lack of community spirit and communal responsibility among the states, raising concerns about the sustainability of the Cemac framework. The financial woes could hinder the Commission's ability to implement regional projects and initiatives aimed at fostering integration and development within the region, thereby adversely impacting the economic stability of the areas dependent on these programs. Without immediate action to address these payment defaults, the future of Cemac as a functioning economic union remains uncertain.