CEMAC and the IMF

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CEMAC and the IMF

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IMF Publications

The countries of the Central African Economic and Monetary Community (Gabon, Cameroon, Chad, the Central African Republic, the Republic of Congo and Equatorial Guinea) have been hit hard by a series of severe shocks: a sharp decline in oil prices, civil conflicts in some parts, refugees’ flows, and droughts. Economic growth is at its lowest levels in 20 years. Regional international reserves have declined rapidly to cover only two months of imports. The IMF is working closely with country and regional authorities to help address current macroeconomic challenges.