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Central African Economic and Monetary Community (CEMAC): Common Policies of Member Countries - Press Release; Staff Report; and Statement by the Executive Director
Summary:CEMAC’s economic outlook has changed dramatically since the last discussions because of the significant decline in international oil prices. The financial sector is shallow, and financial intermediation and inclusion are limited. The regional institutions face considerable challenges, including from political interference and capacity constraints. Downside risks are important, as CEMAC is vulnerable to protracted low oil prices and a possible relapse in regional security crises.
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