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

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.
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Volume/Issue: Volume 2001 Issue 193
Publication date: November 2001
ISBN: 9781451840605
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Banks and Banking , Exports and Imports , Money and Monetary Policy , Taxation - General , 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

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Summary

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.

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