West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues; and Public Information Notice on the Executive Board Discussion
March 14, 2003
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This report examines recent economic developments and regional policy issues in the West African Economic and Monetary Union (WAEMU). Although progress has been achieved on the integration front since 1994, including the establishment of a customs union and the creation of the economic union, the momentum of integration appears to have slowed in recent years. Progress toward convergence of the WAEMU countries during 2001 and 2002 was below expectations, and difficulties were encountered in the effective implementation of various regional reforms.
Subject: Banking, Credit, External position, Financial institutions, Fiscal policy, Fiscal stance, Foreign assets, Monetary base, Money, Nonperforming loans
Keywords: authorities of the WAEMU, CFA franc, CR, Credit, Fiscal stance, Foreign assets, ISCR, Monetary base, monetary policy, monetary union, Nonperforming loans, Sub-Saharan Africa, WAEMU country, WAEMU economy, WAEMU region, West Africa
Pages:
73
Volume:
2003
DOI:
Issue:
070
Series:
Country Report No. 2003/070
Stock No:
1WAUEA0012003
ISBN:
9781451840612
ISSN:
1934-7685
