West African securities market is short-sighted, says IMF paper

IMF headquarters in Washington DC

A working paper published by the International Monetary Fund (IMF) on October 18 says the West African Economic and Monetary Union (WAEMU) securities market is failing to provide long-run financing to member countries and the private sector.

The authors, Mame Astou Diouf and François Boutin-Dufresne, find activity in the market has increased during the past decade, with notable success in providing more short-term financing to governments. However, the market failed to supply sufficient finance

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