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

Publication Date:

April 25, 2018

Electronic Access:

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Summary:

This report reviews the discussions between the IMF and the regional institutions of the West African Economic and Monetary Union (WAEMU). It highlights that the economic activity in the WAEMU remains strong but vulnerabilities persist. 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. 2018/106

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