Title Central African Economic and Monetary Community (CEMAC) : common policies of member countries; press release; staff report; and statement by the Executive Director

Published Washington, D.C. : International Monetary Fund, [2016] ©2016

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Description 1 online resource (61 pages) : color illustrations Series IMF country report ; no. 16/277 IMF country report ; no. 16/277. Contents Cover; CONTENTS; A COMMUNITY BLIGHTED BY LOW OIL PRICES; POLICY DISCUSSIONS-MANAGING THE ECONOMIC DOWNTURN; A. An External Position at Risk; B. Urgency of Fiscal Consolidation; C. A New Convergence Framework for Regional Stability; D. A Monetary Policy Reaching its Limits; E. A Regional Financial Sector Showing Signs of Stress; F. Strengthening Regional Institutions; STAFF APPRAISAL; BOX; 1. New Convergence Framework; FIGURES; 1. Selected Economic Indicators, 2000-15; 2. Regional and International Comparisons, 2011-16; 3. Selected External Indicators, 2007-16 4. External Debt Developments, 2014-165. Monetary developments, 2016; 6. Output Gap Estimations, 1990-2015; TABLES; 1. Selected Economic and Financial Indicators, 2014-21; 2. Millennium Development Goals, 1990-2015; 3. National Accounts, 2014-21; 4. Relative Size of CEMAC Economies and Importance of Oil Sector, 2014-21; 5a. Fiscal Balances, 2014-21; 5b. Fiscal Non-oil Balances, 2014-21; 6a. Balance of Payments, 2014-21; 6b. Balance of Payments Indicators by Country, 2014-21; 7. Nominal and Real Effective Exchange Rates, 2006-15; 8. Compliance with Convergence Criteria, 2013-16 9. Monetary Survey, 2013-1710. Bank Ratings, December 2015; 11. Financial Soundness Indicators, 2014-15; 12. Violations of Prudential Ratios, 2013-15; ANNEXES; I. Risk Assessment Matrix; II. Response to Past IMF Advice; III. External Sustainability Assessment; IV. 2015 FSAP Recommendations; V. Macrofinancial Linkages; CONTENTS; RELATIONS OF CEMAC MEMBER COUNTRIES WITH THE FUND Summary CEMAC is buffeted by the oil-price shock. The outlook has deteriorated, as members continue to suffer from the shock. Regional and national authorities have yet to take appropriate measures to address the economic downturn, whilst continuing to face substantial capacity constraints. Although the banking sector has weathered the downturn so far, government payment delays could undermine its soundness. Risks are significant: a weaker-than-expected oil price recovery or deteriorating security conditions could jeopardize macroeconomic stability Notes "August 2016." Bibliography Includes bibliographical references Notes Description based on online resource; title from pdf title page (IMF.org website, viewed September 26, 2016) Subject International Monetary Fund -- Africa, Central Communauté économique et monétaire de l'Afrique centrale SUBJECT Communauté économique et monétaire de l'Afrique centrale fast International Monetary Fund fast Subject Petroleum products -- Prices -- Africa, Central Economic development -- Africa, Central Fiscal policy -- Africa, Central Monetary policy -- Africa, Central Economic development Fiscal policy International economic integration Monetary policy Petroleum products -- Prices SUBJECT Africa, Central -- Economic integration Subject Central Africa Form Electronic book Author International Monetary Fund, publisher. ISBN 9781475529685 1475529686 ISSN 1934-7685

Other Titles Common policies of member countries; press release; staff report; and statement by the Executive Director

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