Central African Economic and Monetary Community (CEMAC): Common Policies of Member Countries and Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director

December 19, 2017

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Central African Economic and Monetary Community (CEMAC): Common Policies of Member Countries and Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Also available in: français

Summary

This paper discusses the common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). CEMAC’s medium-term outlook remains challenging. It foresees a gradual improvement in the economic and financial situation in the region, assuming full implementation of policy commitments by CEMAC member states and regional institutions. Policies to diversify the economies by improving the business environment, including through enhanced governance and transparency, would support higher growth in the medium term. The monetary policy stance would be kept tight as needed to support external stability and reserves accumulation.

Subject: Banking, Credit, Expenditure, Fiscal consolidation, Fiscal policy, Fiscal stance, Foreign assets, Money, Public debt

Keywords: Authority, BEAC authorities, CEMAC authorities, Central Africa, CR, Credit, F arrangement, FAD CEMAC, Fiscal consolidation, Fiscal stance, Global, IMF article, ISCR, Member countries reform programs, Policy, Sovereign-banks nexus.in CEMAC

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/389
Stock No:

1CAEEA2017002
ISBN:

9781484334119
ISSN:

1934-7685

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