Despite a more favorable external environment, marked by the rebound in global growth, fast-increasing oil prices, and unprecedented Fund financial support, CEMAC is ending 2021 in a fragile external position. Net external reserves fell throughout 2021 to reach their lowest level in decades, and...

The Central African Economic and Monetary Community, more frequently and generally referred to as the CEMAC, from its French acronym; Communauté Economique et Monetaire des Etats de l'Afrique Centrale, has been striving for many years to institute fully functional and mutually beneficial...

The European Union has been seen as a new type of 'normative power', aiming at diffusing its values through its external policy. The EU influence in Sub-Saharan Africa is particularly worth noting. The EU is historically a leading partner for Africa and it presents itself to the African...

We applied the threshold autoregressive and difference-in-differences techniques to examine the effects of adopting a common currency on bilateral trade flows between member states of the Central African Economic and Monetary Community (CEMAC) customs union, over the period from 1980 to 2013. We...

Context and risks. The pandemic may have a long-lasting impact on CEMAC's growth potential, which is already curtailed by structural, governance, and transparency issues. The policy response from national and regional authorities in 2020 helped mitigate the economic fallout. CEMAC, however,...

The debate on the need for Sub-Saharan African (SSA) countries to increase female participation in the economic sector has intensified the coming into force of the African Continental Free Trade Area (AfCFTA) and good governance. This study investigates the joint effects of governance...

This Selected Issues paper looks at some Central African Economic and Monetary Community (CEMAC) specific regional dimensions of a possible strategy to enhance governance, which would support specific reforms in this area at the country level. The paper describes the specific dimensions of...