The International Financial Crisis and Global Recession : Impact on the CEMAC Region and Policy Considerations

Information about Sub-Saharan Africa África subsahariana

Explore other countries and regions »

The International Financial Crisis and Global Recession : Impact on the CEMAC Region and Policy Considerations
Get Code Buy
Journal Issue
Share
Volume/Issue:
2009/20
Series:
IMF Staff Position Notes
Author(s):
Dimitre Milkov, Rafael Portillo, Plamen Iossifov, and John Wakeman-Linn
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
July 2009
DOI:
http://dx.doi.org/10.5089/9781455255252.004
ISBN:
9781455255252
ISSN:
2072-3202
Page:
17
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.
Share
  • ShareShare