Download or read book How Integration Into the Central African Economic and Monetary Community Affects Cameroon s Economy written by Ferdinand Bakoup and published by World Bank Publications. This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: January 1998 Cameroon stands to gain economically from the new regional trade agreement among countries of the Central African Economic and Monetary Community. Better access to partner markets and reduction of the external tariff explain virtually all of Cameroon's welfare gain. Bakoup and Tarr quantify the impact on Cameroon of three aspects of its new regional trade agreement with the Central African Economic and Monetary Community (the CEMAC agreement): * Improved access to markets in CEMAC. * Preferential tariff reduction. * Reduction of its external tariff through implementation of the common external tariff of CEMAC. They estimate that Cameroon will gain from the agreement but show how Cameroon's regional market power greatly affects the magnitude of its gains. They assume that Cameroon has regional market power in both imports and exports despite being small in world markets. They find that better access to partner markets and reduction of the external tariff explain virtually all of Cameroon's welfare gain. In their preferred scenario (Cameroon having regional market power), reduction of the external tariff explains three-quarters of the welfare gain. If Cameroon further reduces tariffs to its regional partners, the effect on its economy is a loss of real income but the impact is negligible. Should Cameroom's partners fail to provide tariff-free access to their markets, Bakoup and Tarr estimate that, given Cameroon's regional market power, Cameroon would gain even more from free trade than it would from implementing the CEMAC arrangements. This paper-a product of the Development Research Group-is part of a larger effort in the group to investigate the implications of regional trade arrangements.

Download or read book How Integration into the Central African Economic and Monetary Community Affects Cameroon s Economy written by David G. Tarr and published by . This book was released on 2016 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cameroon stands to gain economically from the new regional trade agreement among countries of the Central African Economic and Monetary Community. Better access to partner markets and reduction of the external tariff explain virtually all of Cameroon's welfare gain.Bakoup and Tarr quantify the impact on Cameroon of three aspects of its new regional trade agreement with the Central African Economic and Monetary Community (the CEMAC agreement):- Improved access to markets in CEMAC.- Preferential tariff reduction.- Reduction of its external tariff through implementation of the common external tariff of CEMAC.They estimate that Cameroon will gain from the agreement but show how Cameroon's regional market power greatly affects the magnitude of its gains. They assume that Cameroon has regional market power in both imports and exports despite being small in world markets.They find that better access to partner markets and reduction of the external tariff explain virtually all of Cameroon's welfare gain.In their preferred scenario (Cameroon having regional market power), reduction of the external tariff explains three-quarters of the welfare gain.If Cameroon further reduces tariffs to its regional partners, the effect on its economy is a loss of real income but the impact is negligible.Should Cameroom's partners fail to provide tariff-free access to their markets, Bakoup and Tarr estimate that, given Cameroon`s regional market power, Cameroon would gain even more from free trade than it would from implementing the CEMAC arrangements.This paper - a product of the Development Research Group - is part of a larger effort in the group to investigate the implications of regional trade arrangements.

Download or read book How Integration Into the Central Africal Economic and Monetary Community Affects Cameroon s Economy written by Ferdinand Bakoup and published by . This book was released on 1998 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Integration in Africa written by Peter Robson and published by Routledge. This book was released on 2010-11-26 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1968, this reissue is a study of contemporary international economic policy, with particular emphasis upon economic integration as a means of bringing about a faster rate of economic progress and of helping to overcome poverty. Peter Robsonâe(tm)s book is a study of the rationale of common markets and other forms of economic integration among African states and of their operation in practice. The book will be of great value to those concerned with administering or assessing integration schemes in Africa and indeed in less developed areas throughout the world. In addition, it is an important contribution to the field of development economics.

Download or read book Central African Economic and Monetary Community written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-09-24 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines recent developments and regional policy issues for the Central African Economic and Monetary Community (CEMAC). The CEMAC region benefited in 2000–01 from favorable world oil prices. This helped to improve the public finances and to strengthen the reserve position of the Central Bank of Central African States. But inflation increased to 4 percent in 2001, owing to pressures from high domestic demand growth, which rose by 12 percent in real terms, and was fed by growth in credit to governments. Prospects for 2002 are for continued strong growth in domestic demand.

Download or read book Central African Economic and Monetary Community CEMAC written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-07-09 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regional strategy has helped stabilize the regional economic position thanks to large fiscal consolidation efforts, a tighter monetary policy, and external financial assistance. The external position improved, and external reserves picked up. However, the region remains dependent on oil revenues, with little progress in economic diversification, under-performing budget non-oil revenues and weaknesses in the financial sector. The policy assurances included in BEAC’s letter of December 2018 were implemented as planned and the CEMAC authorities reiterated their full commitment to the strategy and their readiness to implement additional corrective measures if needed. Progress was made towards new IMF-supported program in Congo and Equatorial Guinea.

Download or read book Central African Economic and Monetary Community Selected Issues written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-08-22 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The creation, in 1994, of the Central African Economic and Monetary Community (CEMAC) customs union was a major step in the regional integration process in central Africa. The implementation of the agreed regime by the member countries, however, has remained unsatisfactory. A 2002-03 initiative to improve policy implementation has largely stalled. Several recent initiatives concerning external trade provide new challenges and opportunities for welfare-enhancing reforms. Although the 1994 reforms that created the CEMAC customs union were a major step forward, the trade regime remains plagued by poor implementation.

Download or read book Central African Economic and Monetary Community Recent Developments and Regional Policy Issues written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-11-11 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper on recent developments and regional policy issues in the Central African Economic and Monetary Community (CEMAC) discusses the recent development and trends in economic integration. Trade restrictions and an uneven application of CEMAC rules constrain external and intraregional trade. CEMAC officials agreed that further trade growth will require renewed commitment to abide by common trading rules. CEMAC faces important structural challenges, such as the weak financial sectors in several member countries and the need to increase competitiveness in the non-oil segments of the region’s economies.

Download or read book Central African Economic and Monetary Community CEMAC written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2016-04-22 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides detailed assessment of the Central African Economic and Monetary Community's (CEMAC’s) financial system. Over the past decade, primarily as a result of high oil prices, CEMAC achieved robust economic growth, although lower than the SSA average, but insufficient to significantly reduce poverty. A poor business climate and weak governance are hampering financial sector development and its contribution to financing investments. The weakness of regional integration also limits the growth potential. The drop in oil prices by about 60 percent between June 2014 and January 2015 has had a large impact on CEMAC countries’ macroeconomic performance.

Download or read book Central African Economic and Monetary Community CEMAC written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2017-12-19 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the common policies of the member countries of the Central African Economic and Monetary Community (CEMAC). CEMAC’s medium-term outlook remains challenging. It foresees a gradual improvement in the economic and financial situation in the region, assuming full implementation of policy commitments by CEMAC member states and regional institutions. Policies to diversify the economies by improving the business environment, including through enhanced governance and transparency, would support higher growth in the medium term. The monetary policy stance would be kept tight as needed to support external stability and reserves accumulation.

Download or read book Central African Economic and Monetary Community Paper on Recent Developments and Regional Policy Issues Public Information Notice on the Executive Board Discussion and Statement by the Executive Director on Recent Developments and Regional Policy Issues in the Central African Economic and Monetary Community written by International Monetary Fund and published by International Monetary Fund. This book was released on 2002-09-24 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines recent developments and regional policy issues for the Central African Economic and Monetary Community (CEMAC). The CEMAC region benefited in 2000–01 from favorable world oil prices. This helped to improve the public finances and to strengthen the reserve position of the Central Bank of Central African States. But inflation increased to 4 percent in 2001, owing to pressures from high domestic demand growth, which rose by 12 percent in real terms, and was fed by growth in credit to governments. Prospects for 2002 are for continued strong growth in domestic demand.

Download or read book Roadmap for Regional Integration Within the Central African Economic and Monetary Community CEMAC Under the NEPAD Framework written by Professor Alain Ndedi and published by . This book was released on 2017 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Central African Economic and Monetary Community, more frequently and generally referred to as the CEMAC, from its French acronym; Communauté Economique et Monetaire des Etats de l'Afrique Centrale, has been striving for many years to institute fully functional and mutually beneficial economic reforms that should facilitate trade and other forms of economic cooperation among member states. This has been the structure's main focus from inception as its principal objectives at creation in 1999. In sum, it has been to converge with the goal of monitoring and controlling national economic policies, coordinating sectoral reforms, and to progressively create a common market. The challenges that prevent the community from marginally or significantly achieving any of the above objectives of the community are diverse. The Member countries jointly have a population of more than 40 million inhabitants who use a common currency, and have built a number of institutions in a bid to foster regional integration but there seem to be a number of political, economic, socio-cultural, administrative factors, and more dynamics that inhibit genuine cooperation to the detriment of a progressive itinerary to a common market. In recent times, there ethnics conflicts in Central African Republic (CAR) and Cameroon facing some issues with the Anglophone minority are just some issues that inhibiting progress with the sub region. Identifying these inhibitive factors through the scrutiny of documented policies, the collection of data from local and multinational scholars and businesses in the sub region, consulting World Bank, IMF, OCDE and African Development Bank reports, perusing scholarly publications, and observing stake dynamics to suggest a way forward, is the intent of this paper. This paper attempts to demonstrate that abandoning the integration efforts does not constitute an option for the sub region for the reason that there are diverse chances for improvement as the way forward. The first part of the paper shows a glimpse of the current CEMAC economic and political situation, with the need for an effective integration. The paper demonstrates in its second part the role that the New Partnership for Africa's Development (NEPAD) can play in assisting the CEMAC sub region in achieving its objectives, and the last part makes recommendations for a roadmap for an effective and efficient integration within the central Regional Economic Community.

Download or read book Challenges to Effective Integration Within the Central African Economic and Monetary Community written by Professor Alain Ndedi and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current study research is based on a doctorate dissertation conducted by Augustine Nguh under the supervision of Professor Alain Ndedi, assisted by Januarius J. Asongu and Professor Rafael Bisaliev at the Saint Monica University. The Central African Economic and Monetary Community, CEMAC, is yet to fully implement functional and mutually beneficial economic policies to facilitate trade and economic cooperation and progressively advance towards a common market as envisaged since 1999. With a population of about 40 million, a common currency, constituted transnational institutions, the CEMAC has intriguingly continued to lag behind its objectives. The question herein is therefore what the challenges are, and if they can be identified and categorized for solutions and recommendations to be formulated for the way forward. The method employed being essentially qualitative, a scrutiny of documented policies, the collection of data from local and multinational businesses in the sub region, political and administrative authorities, and the practical observation of any stake dynamics that inhibit functional integration constituted the research process. The political rivalry, lack of economic data specifics, tardiness, and the overall poor policy implementation come into sight as core challenges. In sum, it emerges from the study that such diverse political, economic, and socio-cultural impediments would necessitate a multispectral approach to recommendations for remedial reconstruction by all stakeholders for a truly integrated CEMAC sub region.

Download or read book Estimating the Informal Cross border Trade in Central Africa written by Robert Nkendah and published by . This book was released on 2014 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Assessing Regional Integration in Africa V written by and published by UN. This book was released on 2012 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fifth of the series (ARIA/V) has come at a time of renewed enthusiasm for shortening the period of the vision of the Abuja Treaty. Its overall objective is to provide an analytical research publication that defines frameworks for African Governments, the African Union and the Regional Economic Communities, towards accelerating the establishment of the African Common Market through: the speedy removal of all tariff and non-tariff barriers, obstacles to free movement of people, investments and factors of production in general across Africa, and through fast-tracking the creation of an African continental Free Trade Area

Download or read book Africa s Development Dynamics 2019 Achieving Productive Transformation written by African Union Commission and published by OECD Publishing. This book was released on 2019-11-05 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa’s Development DynamicsWhat are the major economic and social trends in Africa? What is Africa’s role in globalisation? This annual report presents an Africa open to the world and towards the future. uses the lessons learned in the five African regions – Central, East, North, Southern and West Africa – to develop recommendations and share good practices. The report identifies innovative policies and offers practical policy recommendations, adapted to the specificities of African economies. Drawing on the most recent available statistics, this analysis of development dynamics aims to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national, and local. Every year this report will focus on one strategic theme. This 2019 edition explores policies for productive transformation. It proposes three main policy focus for transforming firms: providing business services to clusters of firms; developing regional production networks; and improving exporting firms’ ability to thrive in fast-changing markets. This volume feeds into a policy debate between African Union’s nations, citizens, entrepreneurs and researchers. It aims to be part of a new co-operation between countries and regions focused on mutual learning and the preservation of common goods. This report is the result of a partnership between the African Union Commission and the OECD Development Centre.

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.