## The West African Economic and Monetary Union: Recent Developments and Policy Issues

_Occasional Papers, September 30, 1998_

## Source details

**Canonical URL:** [The West African Economic and Monetary Union: Recent Developments and Policy Issues](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/the-west-african-economic-and-monetary-union-recent-developments-and-policy-issues-2743)

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## Bibliographic details
- Authors: Ernesto Hernández-Catá, C. A. François
- Published: September 30, 1998
- Series: Occasional Papers
- DOI: https://doi.org/10.5089/9781557757555.084

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### Overview and context
- Title: The West African Economic and Monetary Union: Recent Developments and Policy Issues
- Authors: Ernesto Hernández-Catá, C. A. François
- Publication date: September 30, 1998
- Series: Occasional Paper No. 1998/017
- Issue: 017
- Volume: 1998
- Pages: 39
- DOI: https://doi.org/10.5089/9781557757555.084
- Stock No: S170EA0000000
- ISBN: 9781557757555
- ISSN: 0251-6365
- Citation example provided (including access date): Ernesto Hernández-Catá, and C. A. François The West African Economic and Monetary Union: Recent Developments and Policy Issues, (USA: International Monetary Fund, 1998) accessed 9/18/2026, https://doi.org/10.5089/9781557757555.084

### Key findings
- Following a serious deterioration of the competitive position of the WAEMU region in the 1980s and the eary 1990s, the countries took steps that have led to:
  - a significant turnaround in economic activity
  - a drop in inflation
  - increases in output, exports and investment
- The study describes policy issues that the region continues to face and suggests how the WAEMU countries can address them.

### Thematic subjects and keywords
- Subject: Bank credit, Banking, Commercial banks, Financial institutions, Monetary expansion, Monetary policy, Money, Revenue administration, Tariffs, Taxes
- Keywords: Africa, Bank credit, CAEMC country, CFA franc, Commercial banks, common currency, country, investment ratio, Monetary expansion, OP, privatization program, prudent fiscal policy, Sub-Saharan Africa, Tariffs, WAEMU treaty, West Africa

### Policy issues and suggested directions (as described)
- The region continues to face policy issues following the turnaround; the study:
  - describes those policy issues
  - suggests how the WAEMU countries can address them

### Access and formats
- Published as an IMF Occasional Paper
- More Formats available on IMF eLibrary
- Options mentioned: Preview Citation, Create Citation, Order a Print Copy, multiple citation export formats (.ris, ProCite, RefWorks, Reference Manager, .bib, BibTex, Zotero, .enw, EndNote)

*Source: The West African Economic and Monetary Union: Recent Developments and Policy Issues (Occasional Paper No. 1998/017), Ernesto Hernández-Catá and C. A. François, September 30, 1998.*

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/the-west-african-economic-and-monetary-union-recent-developments-and-policy-issues-2743_