West African Economic and Monetary Union (WAEMU): Staff Report on Common Policies for Member Countries

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2013 Issue 092

Publication date: April 2013

ISBN: 9781484368688

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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.

Banks and Banking , Finance , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , deficit , financial system , authority , WAEMU Commission , WAEMU region , debt market , government paper , country authorities' agenda , debt criterion , Financial sector development , Commercial banks , Government debt management , West Africa , Sub-Saharan Africa

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Summary

Military coups that occurred in Guinea-Bissau and Mali caused economic disruption in the WAEMU countries. Regional policies have been in line with the recommendations, and growth is expected to remain robust, risks are on the downside, and the macroeconomic policy is appropriate. Preserving debt sustainability and stability of the Union in the medium term requires better coordination of fiscal policies. Development of the financial system, and strengthening of the regulatory and supervisory framework is necessary to address existing and new risks.