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 the West African Economic and Monetary Union
Author/Editor:
International Monetary Fund. African Dept.
Publication Date:
March 2, 2021
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
After almost a decade of strong growth, the WAEMU region is facing severe challenges from a triple crisis impacting the health, economic and security situations. Both fiscal and monetary policies were relaxed significantly in 2020 to contain the pandemic and support the economy. A gradual fiscal consolidation is expected to start in 2021 and bring back the aggregate fiscal deficit towards the 3 percent of GDP regional ceiling within three years. Growth is expected to recover swiftly in 2021–22 to pre-crisis levels, but the economic outlook is still uncertain.
Series:
Country Report No. 2021/049
Frequency:
regular
English
Publication Date:
March 2, 2021
ISBN/ISSN:
9781513570983/1934-7685
Stock No:
1WAUEA2021001
Format:
Paper
Pages:
69
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