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Press Release: Common Policies and Support for Reform Programs in Member Countries of the Central African Economic and Monetary Community – Staff Report and Executive Director’s Statement

In 2022, the recovery of the CEMAC (Central African Economic and Monetary Community) gained momentum due to higher hydrocarbon prices. This led to a strengthening of the external position, with a rapid build-up of foreign reserves, although they are still below adequate levels. However, the recent weakening of external buffers highlights the need for more decisive actions to tighten liquidity conditions, ensure greater compliance with foreign exchange regulations by member countries, and enforce stronger fiscal discipline.

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