Central African Economic and Monetary Community: Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community

August 14, 2012

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Format: Chicago

Central African Economic and Monetary Community: Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Also available in: français

Summary

This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC’s common institutions.

Subject: Banking, Commodities, Exports, Fiscal policy, Fiscal stance, International trade, Monetary base, Oil, Oil prices, Prices

Keywords: CEMAC authorities, CEMAC Commission, CEMAC country, CEMAC data, CEMAC economy, CEMAC real GDP growth, CR, Exports, Fiscal stance, Global, ISCR, Oil, Oil prices, SDR

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/244
Stock No:

1CAEEA2012001
ISBN:

9781475504842
ISSN:

1934-7685

Notes

Also available in French

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