IMF Staff Country Reports

West African Economic and Monetary Union: Staff Report on Common Policies of Member Countries—Regional Consultation on Economic Issues and Policies—Staff Report, Public Information Notice Informational Annex, Staff Statement, Executive Director’s Statement

May 6, 2011

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West African Economic and Monetary Union: Staff Report on Common Policies of Member Countries—Regional Consultation on Economic Issues and Policies—Staff Report, Public Information Notice Informational Annex, Staff Statement, Executive Director’s Statement, (USA: International Monetary Fund, 2011) accessed September 19, 2024

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Summary

In 2010, average inflation has remained low in all West African Economic and Monetary Union (WAEMU) countries, but has edged up in the second half of the year. After a moderate fiscal easing by about 1½ percentage points of GDP in 2009, mostly the result of higher capital spending, the area-wide average deficit is estimated to have declined slightly to 3.1 percent of GDP in 2010. A compression of imports in 2009, the region’s external current account deficit is estimated to have returned to about 5½ percent of GDP in 2010.

Subject: Asset and liability management, Commercial banks, Debt relief, Financial institutions, Foreign exchange, Inflation, Prices, Public financial management (PFM), Real effective exchange rates

Keywords: Africa, Commercial banks, CR, Crisis committee, Debt relief, ECF arrangement, Gbagbo administration, Global, Inflation, ISCR, Liquidity shortage, Maturing Ivorian government paper, Real effective exchange rates, Sub-Saharan Africa, WAEMU Commission, WAEMU policy instrument, West Africa

Publication Details

  • Pages:

    67

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/098

  • Stock No:

    1WAUEA2011002

  • ISBN:

    9781455274499

  • ISSN:

    1934-7685

Notes