Central African Economic and Monetary Community (CEMAC): Financial System Stability Assessment

International Monetary Fund

No 2016/106, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper provides detailed assessment of the Central African Economic and Monetary Community's (CEMAC’s) financial system. Over the past decade, primarily as a result of high oil prices, CEMAC achieved robust economic growth, although lower than the SSA average, but insufficient to significantly reduce poverty. A poor business climate and weak governance are hampering financial sector development and its contribution to financing investments. The weakness of regional integration also limits the growth potential. The drop in oil prices by about 60 percent between June 2014 and January 2015 has had a large impact on CEMAC countries’ macroeconomic performance.

Keywords: ISCR; CR; CEMAC regulation; banking sector; CEMAC economy; CEMAC country; CEMAC member states; interest rate; CEMAC institution; CEMAC region; liquidity level; CEMAC authority; bank assets; CEMAC jurisdiction; Credit; Commercial banks; Anti-money laundering and combating the financing of terrorism (AML/CFT); Central Africa; East Africa; Africa; Maghreb (search for similar items in EconPapers)
Pages: 60
Date: 2016-04-22
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