West African States
West Africa launches new currency in break with France
New ‘eco’ currency will still be pegged to the euro, but France will have less involvement in the affairs of the West African Economic and Monetary Union
Emerging markets face growing debt risk – IMF paper
One-third of emerging market debt over-valued as low-income countries set to issue more
Eritrean authorities must restore central bank independence – IMF
Macroeconomic situation is “dire” and financial sector needs restoring, IMF says
West Africa announces ambitious new ‘eco’ currency plans
Single currency seems unlikely to be introduced by next year, despite updated launch plans
West African single currency plans move towards lift-off
Ecowas community launches competition for design of new currency aimed at strengthening trade and growth within the region
New South African president supports pan-African currency
Cyril Ramaphosa says it is time Africa abandons “colonial mentality” and adopts common currency to foster investment and intra-African trade
BCEAO denounces ‘fraudulent’ messages on social media
The Central Bank of West African States denies the existence of false serial numbers on banknotes
Guinea Bissau still struggling with NPLs, says latest IMF assessment
Country still reeling from failed bailout that saw two banks default; fund stresses the need for prudential regulatory compliance and praises three-pronged approach
West African union must improve monetary transmission, IMF staff say
The West African Economic and Monetary Union must increase the effectiveness of monetary policy, IMF staff say; reforms should target bank refinancing and government securities markets
Deeper markets in WAEMU could boost policy transmission
Research published by the IMF finds the transmission of monetary policy is impeded by ‘shallow’ financial markets in the West African Economic and Monetary Union
IMF urges BCEAO to ‘closely follow’ macro-prudential risks
The Central Bank of West African States has increased the provision of liquidity to commercial banks, which in turn are buying more government debt, increasing risks to financial stability
IMF: Pan-African banks pose oversight challenges
Report highlights need to reconcile regional and national interests in currency unions in the continent to ensure effective regulation and supervision
Central Bank of West African States facing broken transmission mechanisms
Members of the IMF’s African department find the central bank’s ability to influence liquidity conditions in the WAEMU is restricted by the union’s ‘shallow’ financial system
West African securities market is short-sighted, says IMF paper
IMF study indicates West African Economic and Monetary Union securities market fails to meet the needs of longer-term investment
West Africa central bank to audit Ivory Coast offices: reports
Central Bank of West African States wants audit of Ivory Coast offices
West African central bankers receive training in debt managment and corporate governance practices
West African Institute for Financial Management works with IMF and World Bank to train region’s central bankers
Central Bank of West African States names new head
Former Ivorian minister Kone Tiemoko Meyliet is the new governor of the West African Central Bank
West African central bank reopens offices in Ivory Coast: reports
West Africa’s regional central bank resumes operations in Ivory Coast
Ivory Coast defaults on $2.3 billion eurobond payment
Ivory Coast fails to make January 31 deadline on payment to credit holders; analyst says political situation must be addressed before payment can be made
Central Bank of West African States close Ivory Coast offices
Ivory Coast offices of central bank shut; interim governor Jean-Baptiste Compaore says attempts to requisition central bank’s offices in violation of monetary union treaty
Gbagbo says he has taken control of central bank offices
Former President Laurent Gbagbo's seizes Central Bank of West African States’ Ivory Coast offices in power struggle with President Alassane Ouattara
Nigeria to support electronic payments: Sanusi
Central Bank of Nigeria’s Lamido Sanusi on reforming the national payment system
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
BCAEO - Annual Report 2006
Governors from members of the BCAEO alliance were very much involved in shaping the agenda of the March 2006 meeting of the Association of African Central Banks, which was held at the head office of the BCAEO in Dakar, Senegal.