Aftermath of the CFA Franc Devaluation

ByStéphane Cossé, Johannes Mueller, Jean Le Dem, Jean A. P. Clément

June 18, 1996

Summary

Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers describes the progress made and the difficulties encountered during 1994 and early 1995 in implementing the programs supported by use of IMF resources.

Subject: Banking, Commercial banks, Expenditure, Financial institutions, Fiscal policy, Monetary unions, Public debt, Revenue administration, Tariffs, Tax administration core functions, Taxes

Keywords: Africa, bottom, CFA franc, CFA franc country, CFA franc devaluation, CFA franc zone, Commercial banks, expenditure policy, financial situation of the zone, fund staff estimate, OP, public enterprise reform, Sub-Saharan Africa, Tariffs, Tax administration core functions, West Africa

Pages:
93
Volume:
1996
DOI:
https://doi.org/10.5089/9781557755612.084
Issue:
004
Series:
Occasional Paper No. 1996/004
Stock No:
S138EA0000000
ISBN:
9781557755612
ISSN:
0251-6365

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