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
IMF Staff Country Reports, November 23, 2011
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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
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Bibliographic details
- Published: November 23, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463925307.002
Executive summary and main findings
- Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels.
- Executive Directors welcomed the region’s economic recovery from the global financial crisis and its overall positive outlook.
- The recovery has been uneven across member countries.
- Inflation is on the rise owing to high international food and fuel prices.
- Directors encouraged the authorities to adopt an appropriate policy mix to contain inflationary pressures in the short term.
Policy implications and recommendations
- Adopt an appropriate policy mix to contain short-term inflationary pressures driven by high international food and fuel prices.
- Address uneven recovery across member countries through country-specific policy responses while maintaining regional coordination.
Scope, subjects, and keywords
- Subject: Banking, Credit, Expenditure, Fiscal policy, Fiscal stance, Fiscal sustainability, Monetary base, Money, Public investment and public-private partnerships (PPP)
- Keywords: authority, CEMAC authorities, CEMAC country, CEMAC member economies well, Central Africa, CR, Credit, exchange regime, Fiscal stance, Fiscal sustainability, Global, ISCR, Monetary base, Public investment and public-private partnerships (PPP), reform agenda, Sub-Saharan Africa, West Africa
Content in this bundle
- _cr11329 — Executive Summary
- _cr11329f