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West African Economic and Monetary Union (WAEMU): Staff Report on Common Policies for Member Countries
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 059
Language:
English
Publication Date:
22 Mar 2012
DOI:
https://doi.org/10.5089/9781475502428.002
ISBN:
9781475502428
ISSN:
1934-7685
Pages:
70
Keywords:
ISCR; CR; authority; euro zone crisis; crisis; maturing Ivorian government paper; WAEMU commission; broad money; authorities' decision; Fiscal stance; Inflation; Regional integration; Sub-Saharan Africa; West Africa; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund