Download or read book West African Economic and Monetary Union Discussions with Regional Institutions Staff Report and the Executive Director s Statement written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-01-07 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-06-11 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This staff report on discussions with regional institutions of the West African Economic and Monetary Union (WAEMU) was prepared by a staff team of the International Monetary Fund in the context of the periodic regional surveillance of the WAEMU. The regional perspective of such discussions is intended to strengthen the bilateral discussions that the IMF holds with the members in the region under Article IV of the IMF’s Articles of Agreement
Download or read book West African Economic and Monetary Union written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-05-06 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 11⁄2 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 51⁄2 percent of GDP in 2010.
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-04-25 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The West African Economic and Monetary Union (WAEMU) member countries have experienced growth acceleration since 2012. Relative to an earlier reference period in the 1990s, the WAEMU’s recent strong growth has coincided with an increase in macroeconomic stability and investment, improvement in political institutions, improvement in the terms of trade, and increase in productivity.
Download or read book West African Economic and Monetary Union written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-03-07 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WAEMU’s post-Covid-19 recovery has so far withstood the new global and regional shocks, partly owing to supportive fiscal and monetary policies as well as relatively strong macroeconomic fundamentals over the previous decade. Growth prospects remain favorable, reserves—albeit declining—remain adequate, and the financial system appears to be resilient. However, the region faces important challenges associated with rising inflation, limited access to international capital markets, eroding external buffers, and regional security issues, in the presence of elevated global risks.
Download or read book West African Economic and Monetary Union written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2024-04-17 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WAEMU has seen strong growth and rising living standards over the past decade. Economic growth averaged 5.4 percent in 2013-2019 and 5.8 percent in 2021-2023. Policy efforts from regional and national authorities have cushioned the impact of several external and internal shocks, prompting a solid economic recovery since the COVID-19 pandemic, despite increasing security issues. Meanwhile, the Human Development Index has increased from 0.44 in 2013 to 0.48 in 2021.
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2014-03-21 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: This West African Economic and Monetary Union (WAEMU) IMF staff report focuses on common policies for member countries. The region continued to experience a strong upswing in 2013, and the immediate outlook is for further vigorous growth and moderate inflation. Delays in implementing reforms, at both the national and regional levels, are the principal medium-term risk. It highlights that with continued strong growth projected for the region, countries are encouraged to seek opportunities to strengthen fiscal sustainability while maintaining public investment efforts.
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-03-29 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This regional consultation IMF staff report for West African Economic and Monetary Union (WAEMU) highlights that growth remained strong in 2018, the fiscal deficit narrowed by 1/2 percentage point of GDP, external reserves increased, and important banking reforms were put in place, including the introduction of Basel II/III standards. The medium-term outlook remains positive despite somewhat less favorable global conditions, but critically hinges on planned fiscal consolidation and structural reforms to improve competitiveness and allow the private sector to become the main engine of growth. Other risks relate to terms-of-trade and weather shocks, and a difficult security situation in some countries. The report also discusses that collectively adhering to fiscal consolidation commitments, with a greater focus on domestic revenue mobilization and more effective control of below-the-line operations, is essential to lower risks of public debt distress, support international reserves, and preserve external viability. Structural policies aimed at improving competitiveness and growth inclusiveness are critical to reducing vulnerabilities to external shocks, building external buffers, stimulating private-sector-led growth, and making the growth momentum sustainable.
Download or read book West African Economic and Monetary Union Staff Report On Common Policies for Member Countries Press Release Staff Report and Statement by the Executive for the WAEMU written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-02 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WAEMU has, so far, demonstrated strong resilience to the Covid crisis. The economic rebound that started in the second half of 2020 firmed up in 2021, while fiscal and monetary policies remained supportive. External reserves have risen to comfortable levels and the financial system appears to be broadly sound. However, the region faces significant challenges to ensure the sustainability of macroeconomic policies, while supporting the economic recovery and navigating the uncertain outlook.
Download or read book West African Economic and Monetary Union written by International Monetary and published by International Monetary Fund. This book was released on 2021-05-18 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal consolidation is expected to start in 2021 and bring back the aggregate fiscal deficit towards the 3 percent of GDP regional ceiling within three years. Growth is expected to recover swiftly in 2021-22 to pre-crisis levels, but the economic outlook is still uncertain.
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-03-22 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report on discussions with regional institutions of the West African Economic and Monetary Union is presented. The region faced a number of challenges in 2011, with the intensification of the political crisis in Côte d’Ivoire and a large increase in global food and fuel prices. A materialization of downside risks could require a monetary policy relaxation for the union and differentiated fiscal responses across member countries. The drought in the Sahel may also require a more active fiscal policy in the affected countries.
Download or read book West African Economic and Monetary Union Common Policies of Member Countries Staff Report Press Release and Statement by the Executive Director written by International Monetary Fund. African Dept. and published by . This book was released on 2015 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Context. The region continued to experience strong growth in 2014, led by the continued economic expansion in Cote d'Ivoire. The outlook is for further strong growth, subject to a range of downward risks, in particular political instability ahead of upcoming elections in several countries, and security issues in Mali and Niger. With an elevated fiscal deficit exerting pressure on the balance of payments and the regional financial market, delays in fiscal consolidation or structural reforms pose the main medium-term risks. Policy recommendations: Fiscal consolidation. Safeguarding e.
Download or read book West African Economic and Monetary Union written by International Monetary Fund. and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-05-17 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The West African Economic and Monetary Union (WAEMU) member countries have experienced growth acceleration since 2012. Relative to an earlier reference period in the 1990s, the WAEMU’s recent strong growth has coincided with an increase in macroeconomic stability and investment, improvement in political institutions, improvement in the terms of trade, and increase in productivity.
Download or read book West African Economic and Monetary Union written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2021-03-02 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal consolidation is expected to start in 2021 and bring back the aggregate fiscal deficit towards the 3 percent of GDP regional ceiling within three years. Growth is expected to recover swiftly in 2021–22 to pre-crisis levels, but the economic outlook is still uncertain.
Download or read book West African Economic and Monetary Union WAEMU written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-04-25 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews the discussions between the IMF and the regional institutions of the West African Economic and Monetary Union (WAEMU). It highlights that the economic activity in the WAEMU remains strong but vulnerabilities persist. Despite lower terms of trade, social tensions, and security challenges within the region, real GDP growth is estimated to have exceeded 6 percent in 2017, underpinned by strong domestic demand. The outlook remains positive but hinges critically on the planned fiscal consolidation and implementation of structural reforms by member countries. Growth is projected to stay above 6 percent with continued low inflation over the medium term. Risks are tilted to the downside.
Download or read book Central African Economic and Monetary Community written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-11-23 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Member countries of the Central African Economic and Monetary Community are recovering from the global financial crisis, although growth in 2011 has not returned to precrisis levels. Executive Directors welcomed the region’s economic recovery from the global financial crisis and its overall positive outlook. Directors noted, however, that the recovery has been uneven across member countries and that inflation is on the rise owing to high international food and fuel prices. Directors encouraged the authorities to adopt an appropriate policy mix to contain inflationary pressures in the short term.
