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Author/Editor:
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John Wakeman-Linn ; Dimitre Milkov ; Plamen Iossifov ; Rafael A Portillo
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Publication Date:
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July 22, 2009
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Electronic Access:
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Free Full text
(PDF file size is 550KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
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Summary:
The financial sector of the Central African Economic and Monetary Community (CEMAC) has been seriously affected by the global financial crisis and resulting global recession. This note assesses the response of CEMAC governments to the global financial crisis and recession, with particular focus on the impact of current policies on each country’s fiscal sustainability as well as the region’s external sustainability and reserve coverage. The note then provides general policy advice to CEMAC governments as they refine their response to the global crisis.
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Order a print copy
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Series:
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Staff Position Note No. 2009/20
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Subject(s):
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Bank supervision | Budget deficits | Central Africa | Commodity price fluctuations | Economic recession
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Notes
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Full text also available in French.
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