Barriers and Opportunities for Enhancing Capital Flows
In the COMCEC Member Countries
90
Lower-middle income group
Lower middle Income Group adherence to IMF
standards
# of capital account transaction
controls
Article VIII convertibility
Cameroon 13 (2 are not regulated) Yes
Cote
d’Ivoire
12 Yes
Djibouti 8 Yes
Egypt 7 Yes
Guyana 4 Yes
Indonesia 11 Yes
Mauritania 10 (2 are not regulated) Yes
Morocco 12 Yes
Nigeria 6 No
Pakistan 12 Yes
Senegal 12 Yes
Sudan 7 (2 are not regulated) Yes
Syria 11 No
Uzbekistan 13 Yes
Yemen 4 (1 is not regulated) Yes
Source: IMF Annual Report on Exchange Arrangements and Exchange Restrictions