Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues

September 24, 2002

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Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This paper examines recent developments and regional policy issues for the Central African Economic and Monetary Community (CEMAC). The CEMAC region benefited in 2000–01 from favorable world oil prices. This helped to improve the public finances and to strengthen the reserve position of the Central Bank of Central African States. But inflation increased to 4 percent in 2001, owing to pressures from high domestic demand growth, which rose by 12 percent in real terms, and was fed by growth in credit to governments. Prospects for 2002 are for continued strong growth in domestic demand.

Subject: Banking, Commercial banks, Commodities, Financial institutions, Fiscal policy, Fiscal stance, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: CEMAC authorities, CEMAC country, CEMAC framework, CEMAC treaty, Commercial banks, CR, Exports receipt, Fiscal stance, Gas and mining taxes, ISCR, Oil, Oil prices, Sub-Saharan Africa

Publication Details

Pages:

64
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/203
Stock No:

1CAEEA0012002
ISBN:

9781451806496
ISSN:

1934-7685

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