West African Economic and Monetary Union (WAEMU): Staff Report on Common Policies for Member Countries
March 22, 2012
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The staff report on discussions with regional institutions of the West African Economic and Monetary Union is presented. The region faced a number of challenges in 2011, with the intensification of the political crisis in Côte d’Ivoire and a large increase in global food and fuel prices. A materialization of downside risks could require a monetary policy relaxation for the union and differentiated fiscal responses across member countries. The drought in the Sahel may also require a more active fiscal policy in the affected countries.
Subject: Banking, Economic integration, Expenditure, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Regional integration
Keywords: authorities' decision, authority, broad money, CR, crisis, euro zone crisis, Fiscal stance, Global, Inflation, ISCR, maturing Ivorian government paper, Regional integration, Sub-Saharan Africa, WAEMU commission, West Africa
Pages:
70
Volume:
2012
DOI:
Issue:
059
Series:
Country Report No. 2012/059
Stock No:
1WAUEA2012001
ISBN:
9781475502428
ISSN:
1934-7685
