The International Financial Crisis and Global Recession: Impact on the CEMAC Region and Policy Considerations
Electronic Access:
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Summary:
The financial sector of the Central African Economic and Monetary Community (CEMAC) has been seriously affected by the global financial crisis and resulting global recession. This note assesses the response of CEMAC governments to the global financial crisis and recession, with particular focus on the impact of current policies on each country’s fiscal sustainability as well as the region’s external sustainability and reserve coverage. The note then provides general policy advice to CEMAC governments as they refine their response to the global crisis.
Series:
Staff Position Note No. 2009/020
Subject:
Fiscal policy Fiscal stance Fiscal sustainability Oil prices Oil, gas and mining taxes Prices Taxes
Notes:
Full text also available in French.
Frequency:
Annually
English
Publication Date:
July 22, 2009
ISBN/ISSN:
9781455255252/2617-6742
Stock No:
SPNEA2009020
Pages:
17
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