TY - BOOK ID - 85599631 TI - Central African Economic and Monetary Community (CEMAC) : Staff Report on the Common Policies in Support of Member Countries Reform Programs. PY - 2018 SN - 1484366530 1484366492 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Exports and Imports KW - Foreign Exchange KW - Macroeconomics KW - Public Finance KW - Money and Monetary Policy KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Fiscal Policy KW - International Investment KW - Long-term Capital Movements KW - Energy: Demand and Supply KW - Prices KW - Debt KW - Debt Management KW - Sovereign Debt KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Banking KW - International economics KW - Currency KW - Foreign exchange KW - Public finance & taxation KW - Monetary economics KW - Fiscal stance KW - Foreign assets KW - Foreign exchange regulations KW - Oil prices KW - Fiscal policy KW - External position KW - Public debt KW - Credit KW - Money KW - Banks and banking KW - Investments, Foreign KW - Debts, Public KW - Central Africa Economic and Monetary Community UR - https://www.unicat.be/uniCat?func=search&query=sysid:85599631 AB - While improving, CEMAC’s economic situation remains fragile. Growth picked up slightly but remains well below potential. Governments’ fiscal consolidation efforts, along with BEAC’s tighter monetary policy and stricter enforcement of foreign exchange regulations, have contributed to a significant reduction in the region’s fiscal and external imbalances. All CEMAC countries are committed to macroeconomic policies agreed with IMF staff to support the economic recovery and financial sustainability of each country and of the region. The regional central bank and banking supervisor continue to implement policies in support of the IMF-supported programs with CEMAC members. However, fiscal slippages in some countries contributed to the underperformance of international reserve accumulation in early 2018. Looking ahead, a further improvement in the economic and financial situation is projected, assuming full implementation of policy commitments by CEMAC member states and regional institutions. This outlook remains subject to substantial risks from possible weaker program implementation, lower oil prices, and insufficient external financing. ER -