Aftermath of the CFA Franc Devaluation

Stéphane Cossé, Johannes Mueller, Jean Le Dem and Jean Clément

No 1996/004, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; bottom; CFA franc; CFA franc country; fund staff estimate; public enterprise reform; expenditure policy; Tax administration core functions; Tariffs; Commercial banks; West Africa; Sub-Saharan Africa; Africa; CFA franc zone; financial situation of the zone; CFA franc devaluation (search for similar items in EconPapers)
Pages: 93
Date: 1996-06-18
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