Yaounde, Cameroon Africa. (Cameroon News) – The Central African Economic and Monetary Community (CEMAC) zone  is expected to reach 4.8 percent growth in 2011,  compared to 4 percent in 2010, the Governor of the Bank of Central African States (BEAC), Lucas Abaga Nchama said in Cameroon’s capital city, Yaounde on Friday, October 28, 2011.

The projected growth rate is thanks to the good performance of the oil sector and dynamism of the construction and public works sectors, Mr Abaga Nchama told journalists.

Financial experts met in Yaounde on the occasion the third ordinary meeting of the Monetary Policy Committee of BEAC that serves as the central bank of the CEMAC zone, Lucas Abaga Nchama also heads.

The experts met to assess the world’s economic situation market by a slowdown in the second quarter of 2011, the Governor of BEAC said and attributed the situation to the tsunami and earthquake in Japan, persistent of sovereign debt crisis in the industrial world, and the putting in place of budgetary cleaning measures in some major economies.

The public, external and monetary accounts of the CEMAC zone, were doing fine in conformity with the favourable prices commodity products, the Governor of BEAC disclosed. He however,   notes that inflation during the same period may increase from 1.6 percent in 2010 to 2.2 percent in 2011.