On Tuesday (June 26), members of the Africa Franc Zone met in Paris to discuss economic matters.
On Tuesday (June 26), members of the Africa Franc Zone met in Paris to discuss economic matters. The zone Finance Ministers meet twice a year. Tuesday's meeting gas the first for 1973, and was chaired by the French Finance Minister, M. Giscard d'Estaing. The meetings generally review the economic and financial situations of the individual member States. However, Tuesday's talks began under the cloud of recent withdrawals from the zone by Mauritania and Madagascar. The withdrawals were among the topics scheduled for discussion.
The organisation now includes France and II French-speaking nations -- from West and Central Africa. Mali is also a member. That country had resigned, but joined again in 1968. In addition, five zone members (Chad, Cameroun, Congo People's Republic, Gabon and the Central African Republic) have recently bee grated greater autonomy in controlling their financial affairs.
The others are still tied to French economic ad financial institutions, and rely heavily on France for advice in this field.