Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries;

Author/Editor:

International Monetary Fund

Publication Date:

August 22, 2006

Electronic Access:

Free Full text (PDF file size is 853 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Macroeconomic developments benefited from oil windfalls, but structural problems still impede non-oil growth. Fiscal and external balances improved in the Central African Economic and Monetary Community (CEMAC) because of the surge in oil prices and better fiscal management. Oil-related reserve inflows also helped accelerate regional broad money, leading to somewhat higher inflation and a small further appreciation of the real effective exchange rate (REER). Macroeconomic prospects for 2006 are positive, despite persistent structural challenges. Higher oil income offers CEMAC members economic opportunities but also challenges.

Series:

Country Report No. 06/317

Subject:

Frequency:

Quarterly

English

Publication Date:

August 22, 2006

ISBN/ISSN:

9781451951684/1934-7685

Stock No:

1CAEEA2006002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

53

Please address any questions about this title to publications@imf.org