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

April 22, 2016

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.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Credit, Crime, Financial crises, Financial institutions, Financial services, Money

Keywords: Africa, Anti-money laundering and combating the financing of terrorism (AML/CFT), bank assets, banking sector, CEMAC authority, CEMAC country, CEMAC economy, CEMAC institution, CEMAC jurisdiction, CEMAC member states, CEMAC region, CEMAC regulation, Central Africa, Commercial banks, CR, Credit, East Africa, interest rate, ISCR, liquidity level, Maghreb

Pages:
60
Volume:
2016
DOI:
https://doi.org/10.5089/9781484338964.002
Issue:
106
Series:
Country Report No. 2016/106
Stock No:
1CAEEA2016001
ISBN:
9781484338964
ISSN:
1934-7685

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