The Centre’s assistance to the Central Banks in producing a regional financial stability report is anticipated to be of great benefit in assisting the region to diagnose financial vulnerabilities and develop corrective strategies ex ante to forestall potential future crises. One aspect that is often unheralded is CARTAC’s work on macroeconomic statistics.
Indeed, many countries have severe institutional problems that inhibit the gathering, accurate processing and timely dissemination of data, creating a weak base for policy design.