01908cas a2200241 a 4500 AALejournalIMF017052 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475529685 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Central African Economic and Monetary Community (CEMAC) : Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (63 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 needed for the member countries of the Central African Economic and Monetary Community (CEMAC). CEMAC growth was subdued in 2015. It slowed to 1.6 percent, from 4.9 percent in 2014, because of reduced public investment and lower oil production. Policies to counter the oil-price shock need to focus on fiscal consolidation and real-economy reforms. In the wake of the oil-price shock, monetary financing has been the primary response tool. Fiscal policy coordination among members should be strengthened, and fiscal discipline enforcement is needed. Real-economy reforms, focusing on improving the business climate and boosting private investment, are also needed to preserve macroeconomic stability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/277 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/277/002.2016.issue-277-en.xml IMF e-Library