West African consolidation boosts debt markets

The creation of the Central Bank of West African States has encouraged high-volume cross-border trading in local currency debt markets within the West African Economic and Monetary Union, IMF research finds

Local currency debt markets in the region, which comprises Benin, Burkina, Ivory Coast, Mali, Niger and Senegal, are rapidly growing because of institutions such as the central bank and the joint securities exchange, the research finds.

However, the research also notes that excess liquidity in

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