Central African Economic and Monetary Community: Selected Issues

September 8, 2016

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Format: Chicago

Central African Economic and Monetary Community: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 27, 2024

Summary

This Selected Issues paper assesses the appropriate level of international reserves for the Economic and Monetary Community of Central Africa. The management of the regional central bank’s (BEAC’s) international reserves is governed by monetary cooperation agreements with France. In view of current risks, it is suggested that the BEAC should define its target level of international reserves. The BEAC should have a framework that reflects fairly each member state’s contribution to the pooled reserves. The enforcement of the surrender requirement should be based on a finding of noncompliance even if the target level is achieved. The institutional framework for reserve management should also provide for the achievement of the target level.

Subject: Central banks, External debt, Financial institutions, Fiscal policy, International reserves, Public debt, Treasury bills and bonds

Keywords: Cemac, CEMAC authorities, CEMAC authority, CEMAC Commission, CEMAC country, CEMAC member states, Central Africa, CR, Debt, Deficit, GDP, Global, International reserves, ISCR, Sub-Saharan Africa, Treasury bill issuance, Treasury bills and bonds, West Africa

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/290
Stock No:

1CAEEA2016002
ISBN:

9781475535464
ISSN:

1934-7685

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