West African Economic and Monetary Union (WAEMU): Staff Report on Common Policies for Member Countries

International Monetary Fund

No 2012/059, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report on discussions with regional institutions of the West African Economic and Monetary Union is presented. The region faced a number of challenges in 2011, with the intensification of the political crisis in Côte d’Ivoire and a large increase in global food and fuel prices. A materialization of downside risks could require a monetary policy relaxation for the union and differentiated fiscal responses across member countries. The drought in the Sahel may also require a more active fiscal policy in the affected countries.

Keywords: ISCR; CR; authority; euro zone crisis; crisis; maturing Ivorian government paper; WAEMU commission; broad money; authorities' decision; Fiscal stance; Inflation; Regional integration; Sub-Saharan Africa; West Africa; Global (search for similar items in EconPapers)
Pages: 70
Date: 2012-03-22
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Citations: View citations in EconPapers (1)

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