The Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options : Impact on WAEMU Member Countries and Policy Options

 
Author/Editor: Johannes Mueller ; Irene Yackovlev ; Hans Weisfeld
 
Publication Date: March 18, 2009
 
Electronic Access: Free Full text (PDF file size is 807KB).
Use the free Adobe Acrobat Reader to view this PDF file

 
Summary: Most WAEMU countries are likely to see economic growth deteriorate over the next two years as a result of the global economic crisis, and some WAEMU countries will be more severely affected by the crisis than others. This could have a detrimental effect on efforts to reduce poverty. Deteriorating remittances and commodity export prices are projected to negatively affect the WAEMU countries’ external current account deficit and reserves, although the impact should be cushioned by positive terms-of-trade shocks, such as declining import prices for food and fuel products. These developments should also help lower inflation pressures, bringing WAEMU inflation closer to its historical level of about 2 percent by 2010.
 
Series: Staff Position Note No. 2009/16
Frequency: Annually
Subject(s): Aid flows | Bank supervision | Banking sector | Credit risk | Current account deficits | External shocks | Liquidity management | Terms of trade | West Africa

 
English
Publication Date: March 18, 2009
ISBN/ISSN: 9781455229017 Format: Paper
Stock No: SPNEA2009016 Pages: 16
Price:
US$10.00 (Academic Rate:
US$10.00 )
 
 
English
Publication Date: March 18, 2009
ISBN/ISSN: 978-1-58906-877-3 / 2072-3202 Format: A web quality merged PDF
Stock No: SPNET2009016 Pages: 16
Price:
Free
 
 
Please address any questions about this title to publications@imf.org