West African Economic and Monetary Union: Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for West African Economic and Monetary Union

April 1, 2016

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West African Economic and Monetary Union: Common Policies of Member Countries-Press Release; Staff Report; and Statement by the Executive Director for West African Economic and Monetary Union, (USA: International Monetary Fund, 2016) accessed September 20, 2024

Also available in: français

Summary

This paper discusses recent economic developments, outlook, and risks of West African Economic and Monetary Union (WAEMU). Despite the fragile security situation in some member countries and a less favorable external environment in 2015, economic growth exceeded 6 percent for the second consecutive year, driven by ongoing infrastructure investments, solid private consumption, and favorable agricultural campaigns. This paper also discusses how timely and effective implementation of the planned policies is required at the national level to maintain the growth momentum while preserving external stability and debt sustainability and to enact the planned regulatory reforms and improve further supervisory processes and the enforcement of existing prudential norms.

Subject: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Government debt management, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending

Keywords: Authority, Bank, CR, Fiscal consolidation, Global, Growth prospect, Inflation outlook, ISCR, Monetary policy effectiveness, Outlook, Public investment and public-private partnerships (PPP), Public investment spending, Refinancing, Sub-Saharan Africa, Terms of trade development, Transmission mechanism, WAEMU region, West Africa

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/096
Stock No:

1WAUEA2016001
ISBN:

9781513535944
ISSN:

1934-7685

Notes

Also Available in French

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