IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
There has been a marked deterioration in the economic and financial performance of the West African Economic and Monetary Union (WAEMU) as a whole. These developments reflected unfavorable terms of trade, political conflicts in certain countries, and a weakening of adjustment policies. Progress needs to be made in achieving fiscal consolidation and macroeconomic convergence among WAEMU member countries. It would be important to achieve a greater integration of the WAEMU region's money and financial markets.