Fiscal Surveillance in a Petro Zone : The Case of the CEMAC

The Case of the CEMAC

Fiscal Surveillance in a Petro Zone : The Case of the CEMAC
This paper discusses fiscal surveillance criteria for the countries of the Central African Monetary and Economic Union (CEMAC), most of which depend heavily on oil exports. At present, the CEMAC's macroeconomic surveillance exercise sets as fiscal target a floor on the basic budgetary balance. This appears inadequate, for at least two reasons.... READ MORE...

Publication date: January 2004
ISBN 9781451842548
$15.00

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