Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Economic conditions. Economic development --- Central Africa --- Africa, Central --- Economic integration --- Economic conditions --- Africa, Central - Economic integration --- Africa, Central - Economic conditions - 1960 --- -Africa, Central - Economic integration --- -Africa, Central

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper focuses on common policies for member countries of Central African Economic and Monetary Community (CEMAC). It highlights that the fiscal stance should be more cautious in some countries where policy buffers are insufficient to withstand shocks. The recent easing of monetary policy has been appropriate given the positive inflation outlook. Reserves coverage remains adequate and the real effective exchange rate is broadly in line with fundamentals but the issue of only partial repatriation of foreign exchange reserves by some member states needs be resolved. The fiscal surveillance framework should be revised to limit pro-cyclicality and better ensure long-term fiscal sustainability of oil-rich countries.

Africa, Central -- Economic integration. --- Africa, Central -- Economic policy. --- Monetary policy -- Africa, Central. --- Finance --- Business & Economics --- Money --- Monetary policy --- Communauté économique et monétaire de l'Afrique centrale. --- Africa, Central --- Economic conditions. --- Monetary management --- C.E.M.A.C. --- CEMAC --- Central African Economic and Monetary Community --- Economic policy --- Currency boards --- Money supply --- Union douanière et économique de l'Afrique centrale --- Union économique de l'Afrique centrale --- E-books --- Banks and Banking --- Foreign Exchange --- Macroeconomics --- Public Finance --- Money and Monetary Policy --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Public finance & taxation --- Banking --- Currency --- Foreign exchange --- Financial services law & regulation --- Monetary economics --- Fiscal stance --- Public debt --- Public investment spending --- Real effective exchange rates --- Fiscal policy --- Expenditure --- Credit --- Debts, Public --- Public investments --- Banks and banking --- Central African Republic