West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues in 2000

International Monetary Fund

No 2001/193, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; central bank; terms of trade; exchange rate; member country; monetary policy; banking system; CFA franc; financial support; WAEMU economy; single market; Nonperforming loans; Tariffs; Credit; Foreign assets; Commercial banks; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 73
Date: 2001-11-05
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