| Description |
1 online resource (60 pages) : color illustrations |
| Series |
IMF Country Report ; No. 16/106 |
|
IMF country report ; no. 16/106.
|
| Summary |
The short-term risk of a financial crisis appears low, but the assessment identified pockets of vulnerabilities. The financial sector is not well positioned to contribute effectively to the financing of the CEMAC economies, and it faces an intensification of risk factors related to geopolitical tensions and the fall in commodity prices. Reform progress has been slow in addressing longstanding weaknesses, despite extensive technical assistance (TA), and the urgency for progress is heightened by recent macroeconomic developments. Firm action is required to foster the development of the financial sector while ensuring adequate oversight of risk factors. The reform agenda calls for granting greater operational autonomy to the regional financial agencies, and boosting their capacity to carry out the reform projects successfully. Prudential regulations need to be upgraded, and regulatory forbearance should be avoided through effective enforcement. There is also considerable scope for enhancing the business climate, one of the weakest worldwide, and financial inclusion, which has been lagging behind |
| Notes |
"April 2016." |
|
"July 2, 2015; prepared by Bernard J. Laurens and Antonio Pancorbo; this report is based on the work of a joint IMF/World Bank team that visited Brazzaville and Pointe Noire (Republic of Congo), Douala and Yaundé (Cameroon), and Libreville (Gabon) in November 2014 and January 2015, to update the Financial Sector Assessment Program (FSAP) for the CEMAC conducted in 2006."--Page 2 of pdf |
|
Description based on online resource; title from pdf title page (IMF.org website, viewed May 16, 2016) |
| Subject |
Communauté économique et monétaire de l'Afrique centrale
|
|
International Monetary Fund -- Africa, Central
|
| SUBJECT |
Communauté économique et monétaire de l'Afrique centrale. fast (OCoLC)fst00745744 |
|
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Fiscal policy -- Africa, Central
|
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Monetary policy -- Africa, Central
|
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Banks and banking -- State supervision -- Africa, Central
|
|
Disclosure of information -- Africa, Central
|
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Banks and banking -- State supervision.
|
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Disclosure of information.
|
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Economic history.
|
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Fiscal policy.
|
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Monetary policy.
|
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Bank.
|
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Banking.
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|
Banks.
|
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Central Africa Economic and Monetary Community.
|
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Financial stability.
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Risk.
|
| SUBJECT |
Africa, Central -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85001581
|
| Subject |
Central Africa.
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| Form |
Electronic book
|
| Author |
Laurens, Bernard, author.
|
|
Pancorbo, Antonio, author.
|
|
International Monetary Fund. publisher.
|
| ISBN |
1484338960 |
|
9781484338964 |
| ISSN |
1934-7685 |
|
