IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

April 25, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This report reviews the discussions between the IMF and the regional institutions of the West African Economic and Monetary Union (WAEMU). The economic activity in the WAEMU remains strong, but vulnerabilities remain. Despite lower terms of trade, social tensions, and security challenges within the region, real GDP growth is estimated to have exceeded 6 percent in 2017, underpinned by strong domestic demand. The outlook remains positive but hinges critically on the planned fiscal consolidation and implementation of structural reforms by member countries. Growth is projected to stay above 6 percent with continued low inflation over the medium term. Risks are tilted to the downside.

Series:

Country Report No. 18/106

Subject:

Debt sustainability Economic growth Economic indicators External sector Financial markets Financial stability Fiscal consolidation Fiscal policy Monetary policy Press releases Staff reports West African Economic and Monetary Union (WAEMU)