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Central African Economic and Monetary Community (CEMAC): Financial System Stability Assessment

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  • International Monetary Fund

Abstract

This paper provides detailed assessment of the Central African Economic and Monetary Community's (CEMAC’s) financial system. Over the past decade, primarily as a result of high oil prices, CEMAC achieved robust economic growth, although lower than the SSA average, but insufficient to significantly reduce poverty. A poor business climate and weak governance are hampering financial sector development and its contribution to financing investments. The weakness of regional integration also limits the growth potential. The drop in oil prices by about 60 percent between June 2014 and January 2015 has had a large impact on CEMAC countries’ macroeconomic performance.

Suggested Citation

  • International Monetary Fund, 2016. "Central African Economic and Monetary Community (CEMAC): Financial System Stability Assessment," IMF Staff Country Reports 2016/106, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/106
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=43874
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    Cited by:

    1. Steffi Sandra Singhe & Céline Louche, 2020. "The development of microfinance in Cameroon: Focus on regulation," Post-Print hal-02562588, HAL.
    2. Frank Sylvio Gahapa Talom & Robertson Khan Tengeh, 2019. "The Impact of Mobile Money on the Financial Performance of the SMEs in Douala, Cameroon," Sustainability, MDPI, vol. 12(1), pages 1-17, December.

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