TY - BOOK ID - 85601023 TI - Central African Economic and Monetary Community (CEMAC) : Common Policies in Support of Member Countries Reform Programs. PY - 2019 SN - 1498324789 1498324762 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Monetary policy. KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Banks and Banking KW - Finance: General KW - Foreign Exchange KW - Macroeconomics KW - Public Finance KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Energy: Demand and Supply KW - Prices KW - Fiscal Policy KW - Portfolio Choice KW - Investment Decisions KW - Debt KW - Debt Management KW - Sovereign Debt KW - Banking KW - Currency KW - Foreign exchange KW - Finance KW - Public finance & taxation KW - Oil prices KW - Fiscal stance KW - Foreign exchange regulations KW - Liquidity KW - Fiscal policy KW - Asset and liability management KW - Excess liquidity KW - Public debt KW - Banks and banking KW - Economics KW - Debts, Public KW - Central Africa Economic and Monetary Community UR - https://www.unicat.be/uniCat?func=search&query=sysid:85601023 AB - The regional strategy has helped stabilize the regional economic position thanks to large fiscal consolidation efforts, a tighter monetary policy, and external financial assistance. The external position improved, and external reserves picked up. However, the region remains dependent on oil revenues, with little progress in economic diversification, under-performing budget non-oil revenues and weaknesses in the financial sector. The policy assurances included in BEAC’s letter of December 2018 were implemented as planned and the CEMAC authorities reiterated their full commitment to the strategy and their readiness to implement additional corrective measures if needed. Progress was made towards new IMF-supported program in Congo and Equatorial Guinea. ER -