Central African Economic and Monetary Community (CEMAC): Financial System Stability Assessment
IMF Staff Country Reports, April 22, 2016
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- Central African Economic and Monetary Community (CEMAC): Financial System Stability Assessment
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Bibliographic details
- Published: April 22, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484338964.002
Summary findings
- The paper provides a 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.
Thematic focus areas (as identified in the source)
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- Banking; Commercial banks; bank assets; banking sector; liquidity level; interest rate; ISCR
- Credit; Financial institutions; Financial services
- Crime; Financial crises; Money
- CEMAC authority; CEMAC institution; CEMAC regulation; CEMAC jurisdiction; CEMAC member states; CEMAC country; CEMAC economy; CEMAC region
- Regional context: Africa; Central Africa; East Africa; Maghreb
International Monetary Fund. African Dept. "Central African Economic and Monetary Community (CEMAC): Financial System Stability Assessment", IMF Staff Country Reports 2016, 106 (2016).
Content in this bundle
- Central African Economic and Monetary Community