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

Ernesto Hernández-Catá and C. François

No 1998/017, IMF Occasional Papers from International Monetary Fund

Abstract: 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.

Keywords: OP; investment ratio; country; CFA franc; common currency; WAEMU treaty; prudent fiscal policy; privatization program; CAEMC country; Tariffs; Commercial banks; Bank credit; Monetary expansion; West Africa; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 39
Date: 1998-09-30
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