Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues
IMF Staff Country Reports, September 24, 2002
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- Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues
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Bibliographic details
- Published: September 24, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451806496.002
Overview
- This paper examines recent developments and regional policy issues for the Central African Economic and Monetary Community (CEMAC).
- The CEMAC region benefited in 2000–01 from favorable world oil prices.
- Favorable oil prices helped to improve the public finances and to strengthen the reserve position of the Central Bank of Central African States.
- Inflation increased to 4 percent in 2001, owing to pressures from high domestic demand growth.
- Domestic demand growth rose by 12 percent in real terms in 2001, and was fed by growth in credit to governments.
- Prospects for 2002 are for continued strong growth in domestic demand.
Subjects and keywords
- Subject: Banking, Commercial banks, Commodities, Financial institutions, Fiscal policy, Fiscal stance, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes
- Keywords: CEMAC authorities, CEMAC country, CEMAC framework, CEMAC treaty, Commercial banks, CR, exports receipt, Fiscal stance, gas and mining taxes, ISCR, Oil, Oil prices, Sub-Saharan Africa
Source: International Monetary Fund, "Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues", September 24, 2002. https://www.imf.org/en/publications/cr/issues/2016/12/30/central-african-economic-and-monetary-community-recent-developments-and-regional-policy-16078