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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 Director for West African Economic and Monetary Union
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 102
Language:
French
Publication Date:
28 Feb 2023
DOI:
https://doi.org/10.5089/9798400248207.002
ISBN:
9798400248207
ISSN:
2790-4458
Pages:
62
Keywords:
inflation expectation; authorities of the West African Economic and Monetary Union; WAEMU economy; policy decision making; monetary policy mix; WAEMU population; Inflation; Government debt management; Fiscal consolidation; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund