BCEAO calls for diversification of production base

The board of directors of the Central Bank of West African States or BCEAO has urged member states to further diversify their production bases, accelerate integration and the implementation of common sector policies within member countries.

In a news release on Dec 23 2000, the board attributed the decrease in economic performance among member countries to the fall in the prices of major export products, the rise in oil prices, the appreciation of the US dollar and dwindling external investmen

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