Central African Economic and Monetary Community: Recent Developments and Regional Policy Issues

Author: International Monetary Fund

Recent Developments and Regional Policy Issues

Volume/Issue: Volume 2005 Issue 403

Publication date: November 2005

ISBN: 9781451806526

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Economics- Macroeconomics , Taxation - General , ISCR , CR , CEMAC authorities , country , market , deficit , authority , CFA franc , CEMAC economy , market integration , inflation performance , Oil , Oil prices , Exchange rate arrangements , gas and mining taxes , Exchange rates , Sub-Saharan Africa , West Africa , Global

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Summary

This paper on recent developments and regional policy issues in the Central African Economic and Monetary Community (CEMAC) discusses the recent development and trends in economic integration. Trade restrictions and an uneven application of CEMAC rules constrain external and intraregional trade. CEMAC officials agreed that further trade growth will require renewed commitment to abide by common trading rules. CEMAC faces important structural challenges, such as the weak financial sectors in several member countries and the need to increase competitiveness in the non-oil segments of the region’s economies.