Abstract

Adjustment policies are very important for the private sector. In fact, internal and external liberalization measures, which constitute the traditional elements of structural adjustment, have as an ultimate objective higher private savings and investment; in other words, the development of the private sector. The experience of the six members of the Bank of Central African States (BCAS)—Cameroon, Central African Republic, Chad, the Congo, Equatorial Guinea, and Gabon—shows the important link between structural adjustment policies and the private sector.