Description

The financial sector of the Central African Economic and Monetary Community (CEMAC) has been seriously affected by the global financial crisis and resulting global recession. This note assesses the response of CEMAC governments to the global financial crisis and recession, with particular focus on the impact of current policies on each country’s fiscal sustainability as well as the region’s external sustainability and reserve coverage. The note then provides general policy advice to CEMAC governments as they refine their response to the global crisis.

Taxonomy

Economic cooperation , Economic policy , Financial crisis , Fiscal policy , International financial system , Monetary policy , Monetary unions

More publications in this series: Staff Position Notes

More publications by: Dimitre Milkov ; Rafael A Portillo ; Plamen K Iossifov ; John Wakeman-Linn