{
  "title": "West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues; and Public Information Notice on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, March 14, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/west-african-economic-and-monetary-union-waemu-recent-economic-developments-and-regional-16417",
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  "summary": "This report examines recent economic developments and regional policy issues in the West African Economic and Monetary Union (WAEMU).",
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      "heading": "Summary",
      "content": "- This report examines recent economic developments and regional policy issues in the West African Economic and Monetary Union (WAEMU).\n- 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.\n- 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."
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      "heading": "Major findings and issues",
      "content": "- Integration milestones achieved since 1994:\n  - Establishment of a customs union.\n  - Creation of the economic union.\n- Recent challenges:\n  - Slowing momentum of integration in recent years.\n  - Progress toward convergence during 2001 and 2002 was below expectations.\n  - Difficulties in the effective implementation of various regional reforms."
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      "heading": "Subject coverage and keywords",
      "content": "- Subject areas: Banking, Credit, External position, Financial institutions, Fiscal policy, Fiscal stance, Foreign assets, Monetary base, Money, Nonperforming loans.\n- 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.\n\n---\n\n Content in this bundle\n\n- cr0370\n  - cr0370 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0370 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 14, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451840612.002",
    "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.",
    "Integration milestones achieved since 1994:",
    "Recent challenges:",
    "Subject areas: 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.",
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