Central African Economic and Monetary Community (CEMAC) - Staff Report; Press Release; and Statement by the Executive Director for the Central African Economic and Monetary Community

Publication Date: August 26, 2014
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Summary: Regional growth weakened in 2013 due to a fall in oil production in most countries. GDP growth is expected to pick-up in 2014 due to the recovery of oil production and the continuation of the implementation of public investment plans in most of CEMAC countries. Despite large spending of oil wealth during the last years, poverty, income inequality and unemployment remain high. The business climate is one of the most challenging in Africa. The region’s most pressing challenge is to implement structural reforms to promote sustainable and inclusive growth while adopting macro policies to preserve financial stability, ensure an efficient use of oil revenues and increase resilience to shocks.
Series: Country Report No. 14/252
Subject(s): Economic growth | Economic integration | Fiscal policy | Monetary policy | Financial sector | Bank supervision | Economic indicators | Staff Reports | Press releases | Central African Economic and Monetary Community

Notes Also available in French
Publication Date: August 26, 2014
ISBN/ISSN: 9781498315685/1934-7685 Format: Paper
Stock No: 1CAEEA2014001 Pages: 68
US$18.00 (Academic Rate:
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