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This paper discusses recent economic developments, outlook, and risks of West African Economic and Monetary Union (WAEMU). Despite the fragile security situation in some member countries and a less favorable external environment in 2015, economic growth exceeded 6 percent for the second...
Persistent link: https://www.econbiz.de/10011671483
The regional strategy has helped stabilize the regional economic position thanks to large fiscal consolidation efforts, a tighter monetary policy, and external financial assistance. The external position improved, and external reserves picked up. However, the region remains dependent on oil...
Persistent link: https://www.econbiz.de/10012109870
. While fiscal deficits have been the main driver of public debt across WAEMU member countries, the size of residual factors … more effectively set the region's public debt on a sustainable path. In addition, beyond adhering to the WAEMU fiscal … practices would also help eliminate the recourse to pre-financing arrangements and tighten control over expenditure. Public …
Persistent link: https://www.econbiz.de/10012011307
While improving, CEMAC's economic situation remains fragile. Growth picked up slightly but remains well below potential. Governments' fiscal consolidation efforts, along with BEAC's tighter monetary policy and stricter enforcement of foreign exchange regulations, have contributed to a...
Persistent link: https://www.econbiz.de/10011915909