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This paper focuses on common policies for member countries of Central African Economic and Monetary Community (CEMAC). It highlights that the fiscal stance should be more cautious in some countries where policy buffers are insufficient to withstand shocks. The recent easing of monetary policy has been appropriate given the positive inflation outlook. Reserves coverage remains adequate and the real effective exchange rate is broadly in line with fundamentals but the issue of only partial repatriation of foreign exchange reserves by some member states needs be resolved. The fiscal surveillance framework should be revised to limit pro-cyclicality and better ensure long-term fiscal sustainability of oil-rich countries.
Africa, Central -- Economic integration. --- Africa, Central -- Economic policy. --- Monetary policy -- Africa, Central. --- Finance --- Business & Economics --- Money --- Monetary policy --- Communauté économique et monétaire de l'Afrique centrale. --- Africa, Central --- Economic conditions. --- Monetary management --- C.E.M.A.C. --- CEMAC --- Central African Economic and Monetary Community --- Economic policy --- Currency boards --- Money supply --- Union douanière et économique de l'Afrique centrale --- Union économique de l'Afrique centrale --- E-books --- Banks and Banking --- Foreign Exchange --- Macroeconomics --- Public Finance --- Money and Monetary Policy --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Public finance & taxation --- Banking --- Currency --- Foreign exchange --- Financial services law & regulation --- Monetary economics --- Fiscal stance --- Public debt --- Public investment spending --- Real effective exchange rates --- Fiscal policy --- Expenditure --- Credit --- Debts, Public --- Public investments --- Banks and banking --- Central African Republic
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Provides a broad synopsis of recent economic developments in the Middle East and Central Asia region, highlighting common trends and policies among countries in the region, and reviewing prospects and policies for the coming year. Includes a statistical appendix.
Finance -- Africa, Sub-Saharan. --- Financial institutions -- Africa, Sub-Saharan. --- Financial services industry -- Africa, Sub-Saharan. --- Monetary policy -- Africa, Sub-Saharan. --- Finance --- Financial institutions --- Financial services industry --- Monetary policy --- Business & Economics --- Financial Management & Planning --- -Financial institutions --- -Financial services industry --- -Monetary policy --- -AFR / Africa - Afrika - Afrique --- 333.101 --- 332.096 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Services, Financial --- Service industries --- Financial intermediaries --- Lending institutions --- Associations, institutions, etc. --- Funding --- Funds --- Economics --- Currency question --- Banksysteem en bankstelsel. --- AFR / Africa - Afrika - Afrique --- Banksysteem en bankstelsel --- Economic forecasting --- Economic forecasting. --- Economic history. --- Economic conditions --- History, Economic --- Forecasting --- Economic indicators --- Africa, Sub-Saharan --- Africa, Black --- Africa, Subsaharan --- Africa, Tropical --- Africa South of the Sahara --- Black Africa --- Sub-Sahara Africa --- Sub-Saharan Africa --- Subsahara Africa --- Subsaharan Africa --- Tropical Africa --- Economic conditions. --- Investments: Energy --- Foreign Exchange --- Inflation --- Macroeconomics --- Taxation --- Energy: Demand and Supply --- Prices --- Energy: General --- Business Taxes and Subsidies --- Price Level --- Deflation --- Currency --- Foreign exchange --- Investment & securities --- Public finance & taxation --- International economics --- Exchange rate arrangements --- Oil prices --- Oil --- Conventional peg --- Oil, gas and mining taxes --- Commodities --- Taxes --- Petroleum industry and trade --- International finance --- South Africa --- Banks and Banking --- Public Finance --- Industries: Financial Services --- Finance: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- National Government Expenditures and Related Policies: General --- Financial Institutions and Services: General --- Financial Institutions and Services: Government Policy and Regulation --- Banking --- Floating exchange rates --- Expenditure --- Financial services --- Financial sector --- Economic sectors --- Fiscal federalism --- Fiscal policy --- Banks and banking --- Expenditures, Public
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