Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues

International Monetary Fund

No 2005/403, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper on recent developments and regional policy issues in the Central African Economic and Monetary Community (CEMAC) discusses the recent development and trends in economic integration. Trade restrictions and an uneven application of CEMAC rules constrain external and intraregional trade. CEMAC officials agreed that further trade growth will require renewed commitment to abide by common trading rules. CEMAC faces important structural challenges, such as the weak financial sectors in several member countries and the need to increase competitiveness in the non-oil segments of the region’s economies.

Keywords: ISCR; CR; CEMAC authorities; country; market; deficit; authority; CFA franc; CEMAC economy; market integration; inflation performance; Oil; Oil prices; Exchange rate arrangements; gas and mining taxes; Exchange rates; Sub-Saharan Africa; West Africa; Global (search for similar items in EconPapers)
Pages: 53
Date: 2005-11-11
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