01726cas a2200241 a 4500 AALejournalIMF004443 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451951684 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries;. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (53 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Macroeconomic developments benefited from oil windfalls, but structural problems still impede non-oil growth. Fiscal and external balances improved in the Central African Economic and Monetary Community (CEMAC) because of the surge in oil prices and better fiscal management. Oil-related reserve inflows also helped accelerate regional broad money, leading to somewhat higher inflation and a small further appreciation of the real effective exchange rate (REER). Macroeconomic prospects for 2006 are positive, despite persistent structural challenges. Higher oil income offers CEMAC members economic opportunities but also challenges. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2006/317 Full text available on IMF http://elibrary.imf.org/view/journals/002/2006/317/002.2006.issue-317-en.xml IMF e-Library