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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
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 067
Language:
English
Publication Date:
02 Mar 2022
DOI:
https://doi.org/10.5089/9798400203244.002
ISBN:
9798400203244
ISSN:
1934-7685
Pages:
68
Keywords:
WAEMU region; deficit target; central bank BCEAO; WAEMU institution; accommodative monetary policy stance; Government debt management; Credit; Inflation; Securities; West Africa; Sub-Saharan Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund