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

By Ernesto Hernández-Catá, C. A. François

September 30, 1998

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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 November 22, 2024

Summary

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, and increases in output, exports and investment. This study describes policy issues that the region continues to face and suggests how the WAEMU countries can address them.

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

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Occasional Paper No. 1998/017
Stock No:

S170EA0000000
ISBN:

9781557757555
ISSN:

0251-6365

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