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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...
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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...
Persistent link: https://www.econbiz.de/10011915909
This paper discusses the common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). CEMAC's medium-term outlook remains challenging. It foresees a gradual improvement in the economic and financial situation in the region, assuming full implementation...
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