Central African Economic and Monetary Community (CEMAC): Staff Report on Common Policies and Challenges of Member Countries

August 4, 2015

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Format: Chicago

Central African Economic and Monetary Community (CEMAC): Staff Report on Common Policies and Challenges of Member Countries, (USA: International Monetary Fund, 2015) accessed November 24, 2024

Also available in: français

Summary

This paper discusses common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). Medium-term prospects for CEMAC are uncertain. Despite their recent stabilization, oil prices are projected to remain well below pre-shock levels in the medium term. In addition, oil production is projected to start falling after 2017. The Executive Directors have encouraged the authorities to accelerate the reform of the monetary policy framework to improve transmission channels and better manage systemic liquidity. They have also stressed the importance of full compliance with the pooling of foreign exchange earnings with the regional central bank, and called for stepped-up efforts to implement outstanding safeguards recommendations.

Subject: Banking, Expenditure, Fiscal policy, Fiscal stance, Oil prices, Prices, Public debt, Public investment spending

Keywords: CEMAC authorities, CEMAC country, CEMAC growth, CEMAC objective, CEMAC region, Central Africa, CR, FAD CEMAC, Fiscal stance, ISCR, Oil prices, Oil-price shock, Public investment spending, SDR

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/222
Stock No:

1CAEEA2015001
ISBN:

9781513561851
ISSN:

1934-7685

Notes

Also Available in French

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