West African Economic and Monetary Union: Staff Report on Common Policies of Member Countries—Regional Consultation on Economic Issues and Policies—Staff Report, Public Information Notice Informational Annex, Staff Statement, Executive Director’s Statement

May 6, 2011

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West African Economic and Monetary Union: Staff Report on Common Policies of Member Countries—Regional Consultation on Economic Issues and Policies—Staff Report, Public Information Notice Informational Annex, Staff Statement, Executive Director’s Statement, (USA: International Monetary Fund, 2011) accessed November 28, 2024

Also available in: français

Summary

In 2010, average inflation has remained low in all West African Economic and Monetary Union (WAEMU) countries, but has edged up in the second half of the year. After a moderate fiscal easing by about 1½ percentage points of GDP in 2009, mostly the result of higher capital spending, the area-wide average deficit is estimated to have declined slightly to 3.1 percent of GDP in 2010. A compression of imports in 2009, the region’s external current account deficit is estimated to have returned to about 5½ percent of GDP in 2010.

Subject: Asset and liability management, Commercial banks, Debt relief, Financial institutions, Foreign exchange, Inflation, Prices, Public financial management (PFM), Real effective exchange rates

Keywords: Africa, Commercial banks, CR, Crisis committee, Debt relief, ECF arrangement, Gbagbo administration, Global, Inflation, ISCR, Liquidity shortage, Maturing Ivorian government paper, Real effective exchange rates, Sub-Saharan Africa, WAEMU Commission, WAEMU policy instrument, West Africa

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/098
Stock No:

1WAUEA2011002
ISBN:

9781455274499
ISSN:

1934-7685

Notes

Also Available in French

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