The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations : Impact on the CEMAC Region and Policy Considerations

 
Author/Editor: Dimitre Milkov ; Rafael A Portillo ; Plamen Iossifov ; John Wakeman-Linn
 
Publication Date: July 22, 2009
 
Electronic Access: Free Full text (PDF file size is 550KB).
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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.
 
Series: Staff Position Note No. 2009/20
Frequency: Annually
Subject(s): Bank supervision | Budget deficits | Central Africa | Commodity price fluctuations | Economic recession | External shocks | Financial sector | Fiscal reforms | Oil revenues

Author's Keyword(s): Global financial crisis | policy response | CEMAC
Notes Full text also available in French.
 
English
Publication Date: July 22, 2009
ISBN/ISSN: 9781455255252 Format: Paper
Stock No: SPNEA2009020 Pages: 17
Price:
US$10.00 (Academic Rate:
US$10.00 )
 
 
English
Publication Date: July 22, 2009
ISBN/ISSN: 978-1-58906-889-6 / 2072-3202 Format: A web quality merged PDF
Stock No: SPNET2009020 Pages: 17
Price:
Free
 
 
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