European Parliament Library

Central African Economic and Monetary Community :, Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community

This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC’s common institutions
Table Of Contents
Cover; CONTENTS; INTRODUCTION; FIGURES; 1. GDP Composition, 2011; ECONOMIC CONTEXT; A. Recent Economic Developments; B. Outlook and Risks; 2. Recent Economic Developments, 2008-11; 3. Monetary Developments, 2007-11; 4. Fiscal Developments, 2000-11; 5. Medium-Term Outlook, 2011-16; BOXES; 1. How Would a Weaker Global Environment Affect the CEMAC Region?; ENSURING ECONOMIC STABILITY AND EXTERNAL SUSTAINABILITY; A. Monetary Policy and Liquidity Management; B. Fiscal Policy Coordination; C. External Sustainability; 6. Real Effective Exchange Rate (2005=100), 1990-2011
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (82 p.)
Specific Material Designation
Form Of Item

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