Central African Economic and Monetary Communityâ€”Paper on Recent Developments and Regional Policy Issues; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director on Recent Developments and Regional Policy Issues in the Central African Economic and Monetary Community

Macroeconomic developments in the Central African Economic and Monetary Community (CEMAC) region have been satisfactory, but risks to macroeconomic stability persist. The process of convergence remains slow and needs strengthening, notably through the adoption of a fiscal rule and the elimination of bank financing of fiscal deficits. Continued efforts by the banking regulator are needed to strengthen the banking sector. There is a need to accelerate structural reforms, strengthen basic infrastructure, and adopt common sectoral policies aimed at diversifying the regional economy.

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Year of publication:	2003-12-31
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Economic conditions \| Monetary measures \| fiscal policy \| oil revenues \| fiscal balance \| oil prices \| regional integration \| public debt \| terms of trade \| oil-producing countries \| open market \| fiscal policies \| fiscal balances \| debt service \| fiscal sustainability \| government revenue \| nontariff barriers \| fiscal revenue \| external tariff \| regulatory framework \| fiscal rule \| public finances \| trade policies \| fiscal position \| current account balance \| fiscal rules \| fiscal spending \| domestic investment \| structural adjustment \| regional trade \| member country \| taxation \| fiscal surpluses \| market integration \| international trade \| balance of payments \| tax revenue \| monetary union \| budget balance \| exporting countries \| import tariffs \| economic community \| fiscal surplus \| fiscal stance \| national law \| export growth \| free trade \| government expenditure \| long-term fiscal sustainability \| tax collection \| external protection \| trade barriers \| trade reforms \| fiscal convergence criterion \| fiscal revenues \| free trade agreement \| fiscal discipline \| intellectual property \| reducing barriers \| fiscal sustainability analysis \| internal trade \| tariff structure \| bankruptcy law \| national policies \| world trade organization \| fiscal policy rule \| fiscal deficits \| trading partners \| trade liberalization \| fiscal convergence \| process of convergence \| budget deficits \| primary fiscal balance \| public expenditure \| trade regime \| fiscal expenditure \| domestic demand \| common market \| primary fiscal deficit \| fiscal criterion \| trade agreement \| level of indebtedness \| average tariffs \| increased trade \| import costs \| fiscal adjustments \| domestic savings \| world trade \| price stability \| fiscal deficit \| trade integration \| value-added tax \| price fluctuations \| public finance \| low trade \| external tariffs \| tax payments \| current account deficit \| primary expenditure \| commodity prices \| rules of origin \| government budget \| average tariff \| competition law \| short-term deposits \| average tariff rates \| trade blocs \| tariff rates

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 03/398 7 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005252643