The International Financial Crisis and Global Recession Impact on the Cemac Region and Policy Considerations |
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| Author:
| Milkov, Dimitre
Portillo, Rafael A.
Iossifov, Plamen |
| Series title: | IMF Staff Position Notes Ser. |
| ISBN: | 978-1-4552-5525-2 |
| Publication Date: | Jul 2009 |
| Publisher: | International Monetary Fund
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| Book Format: | Paperback |
| List Price: | USD $5.00 |
Book Description:
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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...
More DescriptionThe 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.