Front Matter

Front Matter

Saleh Nsouli, John McLenaghan, and Klaus-Walter Riechel
Published Date:
August 1982
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International Standard Serial Number: ISSN 0251-6365

Price: US$5.00

(US$3.00 to university libraries, faculty members, and students)

Address orders to:

External Relations Department, Attention Publications

International Monetary Fund, Washington, D.C. 20431

The following symbols have been used throughout this paper:

… to indicate that data are not available;

— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;

– between years or months (e.g., 1979–81 or January–June) to indicate the years or months covered, including the beginning and ending years or months;

/ between years (e.g., 1980/81) to indicate a crop or fiscal (financial) year.

“Billion” means a thousand million.

Minor discrepancies between constituent figures and totals are due to rounding.


Prefatory Note

This study was prepared by a Fund staff team consisting of John B. McLenaghan, Assistant Director of the Bureau of Statistics, Saleh M. Nsouli, Assistant to the Director, African Department, and Klaus-Walter Riechel, Economist, European Department. Mr. McLenaghan and Mr. Riechel were respectively Chief, Exchange Restrictions Division, Exchange and Trade Relations Department, and Economist, Central Banking Department, at the time the study was prepared. As the study was completed in early 1981, it reflects developments in the economies of the member countries of the Economic Community of West African States up to that time.

The authors wish to acknowledge with gratitude the special contribution made by Dr. Aboubakar Diaby-Ouattara, Executive Secretary of the Economic Community of West African States, at whose inspiration the study was initiated and who throughout its preparation provided valuable advice to the Fund staff team.

The study has benefited from comments by a number of colleagues in the Fund. The opinions expressed, however, are those of the authors and do not necessarily represent the views of the Fund nor of the Economic Community of West African States.

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