text: planned objectives and progress in the rehabilitation of the infrastructure has been uneven. For its part, the Governnent acknowledges that the three-year progralnme consisted of projects compiled on the basis of lirnited experience and didnot really represent a comprehensive development strategy. The acute shortage oftrained manpower had a negative impact on both project formulation and execution.It is eoually clear, however, that there was a lack of co-ordinated effort by the donor community and that many of the projects undertaken did not correspond to thepattern of priorities established by the Government. D. New policv measures 48. At t.he end of 1984, the Government undertook some courageous measures which,if successfully implemented by the Government and adequately supported by the international community, could have a major positive impact on economic and social development in Eguatorial Guinea. 49. The decision to enter into the Union douanibre et 6conomique de I'Afriquecentrale (UDEAC) in association with Cameroon, the Central African Republic, the Congo and Gabon is of political, adninistrative and economic significance.Politically, the country has broken its isolation from its neighbours and became a member of a larger community of nations in the region. Administratively, the country will have to adjust tariffs on imports and exports as well as some internaltax regulations in order to conform with the common regulations. As these measures are implemented, the economy will become more open to competition from its partnersjust as it, in turn, can benefit from a larger potential market. 50. Equatorial Guinears membership in the Banque des Etats de lrAfrique centrale (BEAC) became effective'on I January 1985. .This too will require adjustments in the countryrs institutional structures to bring them into accordance with that of the other menber countries. As of this entry, the CFA franc becane the national
analysis: The text appears to be discussing the economic development of Equatorial Guinea, specifically the country's efforts to improve its infrastructure and trade relationships. The mention of a "three-year program" and the need for "coordinated effort" by the donor community suggests a focus on economic development and international cooperation. The text also touches on the country's decision to join the Union douanibre et économique de l'Afrique centrale (UDEAC) and the Banque des Etats de l'Afrique centrale (BEAC), which are likely to have significant economic implications.