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

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
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Volume/Issue: Volume 2023 Issue 102
Publication date: March 2023
ISBN: 9798400235870
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Inflation , Investments and Securities-General , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , 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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Summary

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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