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

March 2, 2022

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Summary

The WAEMU has, so far, demonstrated strong resilience to the Covid crisis. The economic rebound that started in the second half of 2020 firmed up in 2021, while fiscal and monetary policies remained supportive. External reserves have risen to comfortable levels and the financial system appears to be broadly sound. However, the region faces significant challenges to ensure the sustainability of macroeconomic policies, while supporting the economic recovery and navigating the uncertain outlook.

Subject: Credit, Expenditure, Financial institutions, Government debt management, Inflation, International organization, Monetary policy, Money, Prices, Public financial management (PFM), Securities

Keywords: accommodative monetary policy stance, central bank BCEAO, Credit, deficit target, Government debt management, Inflation, Securities, Sub-Saharan Africa, WAEMU institution, WAEMU region, West Africa

Pages:
68
Volume:
2022
DOI:
https://doi.org/10.5089/9798400203244.002
Issue:
067
Series:
Country Report No. 2022/067
Stock No:
1WAUEA2022001
ISBN:
9798400203244
ISSN:
1934-7685

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