West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000
IMF Staff Country Reports, November 5, 2001
Source details
- Canonical URL
- West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000
Other formats
Bibliographic details
- Published: November 5, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451840605.002
Summary
- There has been a marked deterioration in the economic and financial performance of the West African Economic and Monetary Union (WAEMU) as a whole. These developments reflected unfavorable terms of trade, political conflicts in certain countries, and a weakening of adjustment policies. Progress needs to be made in achieving fiscal consolidation and macroeconomic convergence among WAEMU member countries. It would be important to achieve a greater integration of the WAEMU region's money and financial markets.
Major findings and drivers
- Marked deterioration in economic and financial performance of WAEMU as a whole.
- Contributing factors:
- unfavorable terms of trade
- political conflicts in certain countries
- weakening of adjustment policies
- Regional policy needs:
- progress in achieving fiscal consolidation among WAEMU member countries
- progress in achieving macroeconomic convergence among WAEMU member countries
- greater integration of the WAEMU region's money and financial markets
Subjects and keywords
- Subject: Banking, Commercial banks, Credit, External position, Financial institutions, Foreign assets, Money, Nonperforming loans, Tariffs, Taxes
- Keywords: banking system, central bank, CFA franc, Commercial banks, CR, Credit, exchange rate, financial support, Foreign assets, ISCR, member country, monetary policy, Nonperforming loans, single market, Sub-Saharan Africa, Tariffs, terms of trade, WAEMU economy, West Africa
International Monetary Fund. "West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000", IMF Staff Country Reports 2001, 193 (2001).