Central African Economic and Monetary Community (CEMAC): Staff Report on the Common Policies in Support of Member Countries Reform Programs-Press Release, Staff Report, and Statement by the Executive Director

December 20, 2019

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Central African Economic and Monetary Community (CEMAC): Staff Report on the Common Policies in Support of Member Countries Reform Programs-Press Release, Staff Report, and Statement by the Executive Director, (USA: International Monetary Fund, 2019) accessed September 20, 2024

Also available in: français

Summary

This paper highlights annual discussions on Central African Economic and Monetary Community’s (CEMAC) Common Policies in Support of Member Countries Reform Programs. Tighter macroeconomic and financial policies helped to avert a deeper crisis, and gross external reserves increased more rapidly in recent months, also helped by a stronger implementation of CEMAC foreign exchange regulations. Reforms to support a more diversified and inclusive growth, including by improving governance and the business climate, should gain momentum to make current efforts to buttress the external position of the region sustainable. The outlook for 2019 and beyond foresees further improvement in regional reserves assuming CEMAC countries remain committed to their program objectives and new programs with Cameroon, Central African Republic and Equatorial Guinea could start around end-2019.

Subject: Arrears, Banking, Fiscal stance, Foreign assets, Foreign exchange regulations

Keywords: CEMAC authorities, CEMAC Commission, CEMAC PFM, CR, FAD CEMAC, ISCR, MCM

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/383
Stock No:

1CAEEA2019004
ISBN:

9781513523996
ISSN:

1934-7685

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