IMF Staff Country Reports

West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000

November 5, 2001

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West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000, (USA: International Monetary Fund, 2001) accessed September 19, 2024

Summary

There has been a marked deterioration in the economic and financial performance of the West African Economic and Monetary Union (WAEMU) as a whole. These developments reflected unfavorable terms of trade, political conflicts in certain countries, and a weakening of adjustment policies. Progress needs to be made in achieving fiscal consolidation and macroeconomic convergence among WAEMU member countries. It would be important to achieve a greater integration of the WAEMU region's money and financial markets.

Subject: Banking, Commercial banks, Credit, External position, Financial institutions, Foreign assets, Money, Nonperforming loans, Tariffs, Taxes

Keywords: Banking system, Central bank, CFA franc, Commercial banks, CR, Credit, Exchange rate, Financial support, Foreign assets, ISCR, Member country, Monetary policy, Nonperforming loans, Single market, Sub-Saharan Africa, Tariffs, Terms of trade, WAEMU economy, West Africa

Publication Details

  • Pages:

    73

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2001/193

  • Stock No:

    1WAUEA0012001

  • ISBN:

    9781451840605

  • ISSN:

    1934-7685