LIBREVILLE (Reuters) - The World Bank has suspended its disbursements to Gabon due to debt arrears of 17 billion CFA francs ($27 million), the central African country's public accounts ministry said.

The CFA franc is the common currency for the Franc Zone, created in the 1930s on the eve of the Second World War. It is made up of three areas, each of which has its own central bank and currency: • ...

While the CFA franc has avoided hyperinflationary episodes ... a Senegalese economist who previously served as the IMF’s macroeconomic advisor to the WAEMU central bank, told World Finance: “To the ...

The CFA franc (Franc des Colonies Francais d’Afrique) was introduced in 1945, well before France’s decolonization in the late 1950s, as a way for France to control the economies of its African ...

Then, there’s the common CFA currency zone. Created in December ... cease working with Western monetary institutions like the World Bank and International Monetary Fund but has done the opposite.

up from 396 billion CFA francs the previous year, while the all-share index BRVM composite rose by 28.9% year-over-year to 276.02 points. The Beninese bank Banque Internationale pour l'Industrie ...

LIBREVILLE, Jan 14 (Reuters) - The World Bank has suspended its disbursements to Gabon due to debt arrears of 17 billion CFA francs ($27 million), the central African country's public accounts ...