West African Economic and Monetary Union (WAEMU): Recent Economic Developments and Regional Policy Issues; and Public Information Notice on the Executive Board Discussion
International Monetary Fund, 14 mrt. 2003 - 73 pagina's
This report examines recent economic developments and regional policy issues in the West African Economic and Monetary Union (WAEMU). Although progress has been achieved on the integration front since 1994, including the establishment of a customs union and the creation of the economic union, the momentum of integration appears to have slowed in recent years. Progress toward convergence of the WAEMU countries during 2001 and 2002 was below expectations, and difficulties were encountered in the effective implementation of various regional reforms.
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III Recent Economic Developments and Prospects
IV Main Regional Policy Issues and Report on the Discussions
V Staff Appraisal
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West African Economic and Monetary Union: Recent Economic Developments and ...
Gedeeltelijke weergave - 2003
achieved adoption African Development Bank average Bank of West banking system BCEAO Benin billions of CFA Bissau broad money Burkina Faso central bank CFA franc CFAF Cﬁte compliance convergence criteria Cote d’Ivoire Council of Ministers crisis in Cote database developments domestic assets Economic and Monetary ECOWAS ensure excess liquidity exports external current account ﬁnancial institutions ﬁnancing fiscal foreign assets Ghana Guinea Guinea-Bissau harmonization impact implementation improve including grants including provisions indicators inﬂation interbank market intraregional trade investment issues macroeconomic macroeconomic policies Mali monetary policy monetary union Niger Nigeria nonperforming loans Overall ﬁscal balance percent in 2001 percent of GDP progress prudential ratio real GDP growth reﬂecting reforms Regional Banking Commission regional institutions regional integration reserve requirements Senegal signiﬁcant structural Table tariff terms of trade Togo Tugu urged the authorities WAEMU Commission WAEMU countries WAEMU economies WAEMU region WAMZ West African Monetary