Central African Economic and Monetary Community (CEMAC): Staff Report on Common Policies of Member Countries

August 26, 2014

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Central African Economic and Monetary Community (CEMAC): Staff Report on Common Policies of Member Countries, (USA: International Monetary Fund, 2014) accessed December 27, 2024

Also available in: français

Summary

Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of public investment plans in most of CEMAC countries. Despite large spending of oil wealth during the last years, poverty, income inequality and unemployment remain high. The business climate is one of the most challenging in Africa. The region’s most pressing challenge is to implement structural reforms to promote sustainable and inclusive growth while adopting macro policies to preserve financial stability, ensure an efficient use of oil revenues and increase resilience to shocks.

Subject: Banking, Expenditure, External position, Fiscal policy, Fiscal stance, Foreign assets, Public debt, Public financial management (PFM), Public investment spending

Keywords: Authority, CEMAC authorities, CEMAC commission, CEMAC country, CEMAC institution, CEMAC member countries well, Central Africa, CR, Fiscal stance, Foreign assets, ISCR, Public investment spending, Transmission mechanism

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/252
Stock No:

1CAEEA2014001
ISBN:

9781498315685
ISSN:

1934-7685

Notes

Also available in French

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