Report

CEMAC : Deepening Regional Integration to Advance Growth and Prosperity

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collection.link.86
https://openknowledge.worldbank.org/handle/10986/2194
collection.name.86
Foreign Trade, FDI, and Capital Flows Study
dc.contributor.author
World Bank
dc.date.accessioned
2019-06-25T15:47:57Z
dc.date.available
2019-06-25T15:47:57Z
dc.date.issued
2018-06-29
dc.date.lastModified
2019-06-26T05:10:42Z
dc.description.abstract
The Central African Economic and Monetary Community (CEMAC), which consists of Cameroon, the Central African Republic, Chad, the Republic of Congo, Equatorial Guinea and Gabon, is one of the oldest regional groupings in Africa. The main objectives for achieving this are: (i) the creation of a fully functional and effective customs union, (ii) the establishment of a robust system of macroeconomic surveillance, and (iii) the harmonization of sectoral policies and legal frameworks that will create a common market for goods, capital, and services.Despite this ambitious vision, regional integration in the CEMAC zone remains shallow.The oil price shock of 2014-15 severely affected the six CEMAC economies and promoted re-commitment to deepening regional integration.At the regional level, the PREF also aims to: (i) improve the coordination of public financial management (PFM) and fiscal policy; (ii) accelerate regional integration through improvements to the regional economic plan; (iii) improve the business climate; (iv) increase economic diversification; (v) enhance monetary policy transmission mechanisms; and (vi) improve prudential banking supervision.CEMAC is right to focus on reforms to deepening regional integration as a driver of growth.The objective of this Regional Study on CEMAC is to support policy makers in CEMAC in efforts to strengthen regional integration to support economic growth and to reduce the need for economic adjustment. The Regional Study focuses mainly on what can be done at the regional level to support regional integration, macro-stability and long-term growth in the CEMAC area; as such, the Regional Study aims to complement country-specific policies and initiatives to support macro-stabilization, economic development and integration.
en
dc.identifier
http://documents.worldbank.org/curated/en/491781560455916201/Deepening-Regional-Integration-to-Advance-Growth-and-Prosperity
dc.identifier.uri
http://hdl.handle.net/10986/31942
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
REGIONAL INTEGRATION
dc.subject
GLOBAL VALUE CHAIN
dc.subject
TRADE POLICY
dc.subject
TAXATION
dc.subject
EXCHANGE RATES
dc.subject
BUSINESS ENVIRONMENT
dc.subject
FIRM PRODUCTIVITY
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL RISK
dc.subject
AGRICULTURAL TRADE
dc.subject
POLITICAL ECONOMY
dc.subject
REGIONAL DEVELOPMENT
dc.subject
CENTRAL AFRICAN ECONOMIC AND MONETARY COMMUNITY
dc.title
CEMAC
en
dc.title.subtitle
Deepening Regional Integration to Advance Growth and Prosperity
en
dc.type
Report
en
okr.date.disclosure
2019-06-13
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study
okr.docurl
http://documents.worldbank.org/curated/en/491781560455916201/Deepening-Regional-Integration-to-Advance-Growth-and-Prosperity
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b086da9414_2_0
okr.identifier.internaldocumentum
30230908
okr.identifier.report
128576
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/491781560455916201/pdf/Deepening-Regional-Integration-to-Advance-Growth-and-Prosperity.pdf
en
okr.region.administrative
Africa
okr.region.country
Cameroon
okr.region.country
Central African Republic
okr.region.country
Chad
okr.region.country
Congo, Republic of
okr.region.country
Equatorial Guinea
okr.region.country
Gabon
okr.region.geographical
Central Africa
okr.topic
Finance and Financial Sector Development :: Finance and Development
okr.topic
International Economics and Trade :: Trade Policy
okr.topic
International Economics and Trade :: Trade and Agriculture
okr.topic
International Economics and Trade :: Trade and Regional Integration
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.topic
Private Sector Development :: Legal Regulation and Business Environment
okr.unit
West and Central Africa (GMTA1)

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