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
IMF Staff Country Reports, April 25, 2018
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- 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
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Bibliographic details
- Published: April 25, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484352809.002
Overview of economic conditions and outlook
- Real GDP growth is estimated to have exceeded 6 percent in 2017, underpinned by strong domestic demand.
- Growth is projected to stay above 6 percent over the medium term.
- Continued low inflation is projected over the medium term.
- Risks to the outlook are tilted to the downside.
- Noted adverse factors: lower terms of trade, social tensions, and security challenges within the region.
Key vulnerabilities and policy dependencies
- The positive outlook hinges critically on the planned fiscal consolidation by member countries.
- The outlook also hinges critically on the implementation of structural reforms by member countries.
- Identified policy areas in the publication's subject list: 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.
Monetary and financial considerations (keywords highlighted)
- Relevant institutional and market terms appearing in the report: BCEAO authorities; interbank market rate; monetary policy stance; monetary policy transmission; WAEMU convergence criterion; WAEMU's Monetary Policy committee; yield; ISCR; Eurobond; Eurobond issuance; WAEMU sovereign; government debt management.
Staff engagement and deliverables
- This report reviews discussions between the IMF and the regional institutions of the West African Economic and Monetary Union (WAEMU).
- The document is presented as a Press Release; Staff Report; and Statement by the Executive Director for the WAEMU.
International Monetary Fund. 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, April 25, 2018.
Content in this bundle
- Country Report