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

November 11, 2005

Summary

This paper on recent developments and regional policy issues in the Central African Economic and Monetary Community (CEMAC) discusses the recent development and trends in economic integration. Trade restrictions and an uneven application of CEMAC rules constrain external and intraregional trade. CEMAC officials agreed that further trade growth will require renewed commitment to abide by common trading rules. CEMAC faces important structural challenges, such as the weak financial sectors in several member countries and the need to increase competitiveness in the non-oil segments of the region’s economies.

Subject: Commodities, Foreign exchange, Prices, Taxes

Keywords: authority, CEMAC authorities, CEMAC economy, CFA franc, country, CR, deficit, Exchange rate arrangements, Exchange rates, gas and mining taxes, Global, inflation performance, ISCR, market, market integration, Oil, Oil prices, Sub-Saharan Africa, West Africa

Pages:
53
Volume:
2005
DOI:
https://doi.org/10.5089/9781451806526.002
Issue:
403
Series:
Country Report No. 2005/403
Stock No:
1CAEEA2005002
ISBN:
9781451806526
ISSN:
1934-7685

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