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:

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DOI:

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Issue:

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Series:

Country Report No. 2001/193
Stock No:

1WAUEA0012001
ISBN:

9781451840605
ISSN:

1934-7685

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