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Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels. Executive Directors welcomed the region’s economic recovery from the global financial crisis and its overall...
Persistent link: https://www.econbiz.de/10014397528
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...
Persistent link: https://www.econbiz.de/10014395663
Since the mid-1970s the annual inflation rate in Africa has averaged more than 15 percent, with many countries …
Persistent link: https://www.econbiz.de/10014396012
Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks … exports. Oil-exporting countries, including Nigeria and Angola, have been hit hard by falling revenues and the resulting … fiscal adjustments, while middle-income countries such as Ghana, South Africa, and Zambia are also facing unfavorable …
Persistent link: https://www.econbiz.de/10014412391
Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for …
Persistent link: https://www.econbiz.de/10014409454
Persistent link: https://www.econbiz.de/10000082002
Persistent link: https://www.econbiz.de/10000786261
In 2010, average inflation has remained low in all West African Economic and Monetary Union (WAEMU) countries, but has edged up in the second half of the year. After a moderate fiscal easing by about 11⁄2 percentage points of GDP in 2009, mostly the result of higher capital spending, the...
Persistent link: https://www.econbiz.de/10014399070
Macroeconomic developments benefited from oil windfalls, but structural problems still impede non-oil growth. Fiscal and external balances improved in the Central African Economic and Monetary Community (CEMAC) because of the surge in oil prices and better fiscal management. Oil-related reserve...
Persistent link: https://www.econbiz.de/10014405373
This 2004 Article IV Consultation highlights that real GDP growth in Nigeria accelerated in 2003 on account of sharply … higher oil and gas production and continued robust growth in the non-oil economy. Owing to favorable terms …
Persistent link: https://www.econbiz.de/10014404855