Central African Economic and Monetary Community : staff report on common policies of member countries : public information notice on the Executive Board discussion : and statement by the Executive Director for the Central African Economic and Monetary Community.

Central African Economic and Monetary Community : staff report on common policies of member countries : public information notice on the Executive Board discussion : and statement by the Executive Director for the Central African Economic and Monetary Community.

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2012.
Description:	1 online resource (81 pages) : color illustrations.
Language:	English
Series:	IMF country report ; no. 12/244 IMF country report ; no. 12/244.
Subject:	Communauté économique et monétaire de l'Afrique centrale -- Economic policy. Communauté économique et monétaire de l'Afrique centrale. Economic development -- Africa, Central. Economic indicators -- Africa, Central. Economic development. Economic history. Economic indicators. Economic policy. Africa, Central -- Economic conditions. Central Africa.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500787

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund.
ISBN:	9781475590395 1475590393 1283552116 9781283552110 9781475504842 1475504845 9781475562187 1475562187
Digital file characteristics:	data file
Notes:	Title from PDF title page (IMF Web site, viewed Aug. 20, 2012). "August 2012." "June 1, 2012"--Page 2 of pdf. Includes bibliographical references.
Summary:	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 positive outlook. Directors noted, however, that the recovery has been uneven across member countries and that inflation is on the rise owing to high international food and fuel prices. Directors encouraged the authorities to adopt an appropriate policy mix to contain inflationary pressures in the short term.

Description
Summary:	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 deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC's common institutions.
Item Description:	Title from PDF title page (IMF Web site, viewed Aug. 20, 2012). "August 2012." "June 1, 2012"--Page 2 of pdf.
Physical Description:	1 online resource (81 pages) : color illustrations.
Bibliography:	Includes bibliographical references.
ISBN:	9781475590395 1475590393 1283552116 9781283552110 9781475504842 1475504845 9781475562187 1475562187