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Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community

Published: August 14, 2012
Electronic Access: Free Full Text (PDF file size is 1,151KB)
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Summary: This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC’s common institutions.
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Series: Country Report No. 12/244
Subject(s): Central African Economic and Monetary Community | Data quality assessment framework | Economic indicators | Financial sector | Fiscal reforms | Global competitiveness | Liquidity management | Multilateral surveillance | Staff Reports
Notes: Also available in French
    Published:   August 14, 2012        
    ISBN/ISSN:   9781475504842/1934-7685   Format:   Paper
    Stock No:   1CAEEA2012001   Pages:   81
    Price:   US$18.00
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