West African Economic and Monetary Union

E81739

The West African Economic and Monetary Union is a regional organization of several West African countries that promotes economic integration and shares a common currency, the CFA franc.


Statements (47)
Predicate Object
instanceOf economic and monetary union
intergovernmental organization
regional organization
abbreviation UEMOA
WAEMU
continent Africa
cooperatesWith African Union
Economic Community of West African States
European Union
International Monetary Fund
World Bank
country Benin NERFINISHED
Burkina Faso NERFINISHED
Côte d’Ivoire NERFINISHED
Guinea-Bissau
Mali
Niger
Senegal
Togo NERFINISHED
currencyCode XOF
foundedBy member states of the West African CFA franc zone
goal coordination of sectoral policies
creation of a common market
economic integration
macroeconomic convergence
monetary integration
hasCentralBank Central Bank of West African States
hasFeature common monetary policy
regional surveillance of public finances
single currency area
hasHeadquartersLocation Ouagadougou
hasJudicialBody WAEMU Court of Justice
hasLegislativeBody WAEMU Commission
hasOfficialLanguage French
hasPolicy common external tariff
common trade policy
harmonization of taxation
regional agricultural policy
regional industrial policy
regional infrastructure policy
hasStatisticsBody WAEMU Commission Statistics Department
headquartersCountry Burkina Faso NERFINISHED
regionServed West Africa
sharesCentralBankWith Central Bank of West African States
typeOfIntegration customs union
monetary union
usesCurrency West African CFA franc


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