West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000
November 5, 2001
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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
Pages:
73
Volume:
2001
DOI:
Issue:
193
Series:
Country Report No. 2001/193
Stock No:
1WAUEA0012001
ISBN:
9781451840605
ISSN:
1934-7685
