“Given the Central Africa Economic and Monetary Community (CEMAC) countries’ commitment to maintaining the currency peg, the burden of the adjustment will fall on fiscal policy. Successful fiscal consolidation, non-accumulation of new arrears, and reduction in off-budget spending will be critical to restore macroeconomic sustainability and avoid a disorderly adjustment.” World Bank
This country has benefited from oil exports but there is a need to diverse now.
Internet access is about 26 percent, and 53 percent mobile connections.
The currency is pegged to the Euro via the Bank of Central African states.
The Doing Business Index has ranked this country as 178 (from 190).
The IMF reports that structural reforms are taking place and taking the economy from the oil primary revenue model.
Due to the general infrastructure, using CBDCs will require more work.