Central African Economic and Monetary Community (CEMAC) : Financial System Stability Assessment

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

April 22, 2016

Electronic Access:

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Summary:

This paper provides detailed assessment of the Central African Economic and Monetary Community's (CEMAC’s) financial system. Over the past decade, primarily as a result of high oil prices, CEMAC achieved robust economic growth, although lower than the SSA average, but insufficient to significantly reduce poverty. A poor business climate and weak governance are hampering financial sector development and its contribution to financing investments. The weakness of regional integration also limits the growth potential. The drop in oil prices by about 60 percent between June 2014 and January 2015 has had a large impact on CEMAC countries’ macroeconomic performance.

Series:

Country Report No. 16/106

English

Publication Date:

April 22, 2016

ISBN/ISSN:

9781484338964/1934-7685

Stock No:

1CAEEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

60

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