IMF Staff Country Reports

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

Publication Date:

December 19, 2017

Electronic Access:

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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.

Series:

Country Report No. 2017/389

Subject:

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