01934cas a2200241 a 4500 AALejournalIMF012103 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475504842 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Central African Economic and Monetary Community : Staff Report on Common Policies of Member Countries; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Central African Economic and Monetary Community. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (81 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 This paper discusses the common policies adopted by the members of the Central African Economic and Monetary Community (CEMAC). The macroeconomic performance was good in 2011 with improved fiscal balances, public investment programs, and higher reserves. However, CEMAC is facing challenges from deep-seated structural problems, including uncoordinated fiscal policy, financial sector weaknesses, and obstacles to growth and competitiveness. The Executive Board recommends monetary policies for financial stability and suggest making monetary policies an efficient tool of macroeconomic management. Also, the Board recommends strengthening of governance of CEMAC's common institutions. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/244 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/244/002.2012.issue-244-en.xml IMF e-Library