{
  "title": "West African Economic and Monetary Union (WAEMU): Selected Issues",
  "publication": "IMF Staff Country Reports, April 4, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/index.md",
  "summary": "This paper presents stylized facts on the quantitative and qualitative infrastructure gap in the West African Economic and Monetary Union (WAEMU), estimates the efficiency of public investment, and recommends how to improve it.",
  "publishDate": "2016-04-04",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Main findings and scope",
      "content": "- Presents stylized facts on the quantitative and qualitative infrastructure gap in the West African Economic and Monetary Union (WAEMU).\n- Estimates the efficiency of public investment and recommends how to improve it.\n- Identifies an important common challenge for WAEMU countries: creating sufficient fiscal space to finance ambitious growth, development, and poverty-reduction programs in individual countries.\n- Provides comparative evidence of the situation of WAEMU in several areas of financial development relative to groups of benchmark countries.\n- Examines the state of inclusion in the WAEMU along three dimensions—poverty, income inequality, and gender inequality."
    },
    {
      "heading": "Policy recommendations and emphasis",
      "content": "- Recommends how to improve public investment efficiency (specific measures not listed on the landing page summary).\n- Emphasizes the need to create sufficient fiscal space to finance ambitious growth, development, and poverty-reduction programs across WAEMU member countries."
    },
    {
      "heading": "Thematic coverage (subjects and keywords)",
      "content": "- Subjects: Expenditure, Financial markets, Financial sector development, Gender, Gender inequality, Public investment and public-private partnerships (PPP), Public investment spending, Revenue administration\n- Keywords: CR, extent income, Financial sector development, Gender inequality, Global, investment, investment efficiency, ISCR, Public investment and public-private partnerships (PPP), Public investment spending, Sub-Saharan Africa, Waemu, WAEMU country, WAEMU growth, WAEMU member, West Africa\n\n---\n\n Content in this bundle\n\n- cr1698\n  - cr1698 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1698 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Union économique et monétaire ouest-africaine; Rapport du FMI No. 16/98; 3 mars 2016\n  - Union économique et monétaire ouest-africaine; Rapport du FMI No. 16/98; 3 mars 2016 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Union économique et monétaire ouest-africaine; Rapport du FMI No. 16/98; 3 mars 2016 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/bundle-manifest.json)",
    "Published: April 4, 2016",
    "Series: IMF Staff Country Reports",
    "Presents stylized facts on the quantitative and qualitative infrastructure gap in the West African Economic and Monetary Union (WAEMU).",
    "Estimates the efficiency of public investment and recommends how to improve it.",
    "Identifies an important common challenge for WAEMU countries: creating sufficient fiscal space to finance ambitious growth, development, and poverty-reduction programs in individual countries.",
    "Provides comparative evidence of the situation of WAEMU in several areas of financial development relative to groups of benchmark countries.",
    "Examines the state of inclusion in the WAEMU along three dimensions—poverty, income inequality, and gender inequality.",
    "Recommends how to improve public investment efficiency (specific measures not listed on the landing page summary).",
    "Emphasizes the need to create sufficient fiscal space to finance ambitious growth, development, and poverty-reduction programs across WAEMU member countries.",
    "Subjects: Expenditure, Financial markets, Financial sector development, Gender, Gender inequality, Public investment and public-private partnerships (PPP), Public investment spending, Revenue administration",
    "Keywords: CR, extent income, Financial sector development, Gender inequality, Global, investment, investment efficiency, ISCR, Public investment and public-private partnerships (PPP), Public investment spending, Sub-Saharan Africa, Waemu, WAEMU country, WAEMU growth, WAEMU member, West Africa",
    "**_cr1698**",
    "**Union économique et monétaire ouest-africaine; Rapport du FMI No. 16/98; 3 mars 2016**"
  ],
  "related": [
    {
      "title": "_cr1698",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1698.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1698.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr1698.pdf",
        "mime": "application/pdf"
      }
    },
    {
      "title": "Union économique et monétaire ouest-africaine; Rapport du FMI No. 16/98; 3 mars 2016",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2016/_cr1698f.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2016/_cr1698f.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2016/_cr1698f.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/west-african-economic-and-monetary-union-waemu-selected-issues-43842/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T08:50:46.572Z"
}