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

Author: International Monetary Fund. African Dept.

Common Policies of Member Countries and Policies in Support of Member Countries Reform Programs-Press Release; Staff Report; and Statement by the Executive Director

Volume/Issue: Volume 2017 Issue 389

Publication date: December 2017

ISBN: 9781484334119

$18.00

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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , CEMAC authorities , policy , FAD CEMAC , sovereign-banks nexus , in CEMAC , authority , f arrangement , member countries reform programs , IMF article , BEAC authorities , Fiscal stance , Credit , Fiscal consolidation , Global , Central Africa

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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.