West African Monetary Union

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West African Monetary Union

An organization of several countries in West Africa whose members are politically separate but have free movement of goods and services and labor across borders and, most importantly, use a single currency: the West African CFA franc. Members include Benin, Burkina Faso, Cote d'Ivoire, Guinea Bissau, Mali, Niger and Togo. It was established in 1994.
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It is important for the sub regional market's growth to come and meet British as well as international investors to show them the evolution and performance of the West African Economic and Monetary Union," said Edoh Kossi Amenounve, CEO of the BRVM in front of more than a hundred personalities, including numerous representatives of the WAEMU market, leaders of both the BRVM and the London Stock Exchange and international investors.
Project Description : The first bilateral programme of major scale of the Luxembourg Cooperation in the field of microfinance, project AFR/017, is supporting the Central Bank of West African States (BCEAO) in implementing the microfinance component of the regional economic programme of the West African Economic and Monetary Union (UEMOA).
The funds raised in this new operation will enable BOAD to increase its efforts in support of merchant public sector and private sector projects in the West African Economic and Monetary Union.
He rested convinced that the work of the Steering Committee would pave the way to an additional deployment of resources, with a view to accelerating capacity building in favor of the countries of the region and supporting their integration efforts within the West African Economic and Monetary Union (WAEMU).
Detailing the talks, a final communique said : "In this regard, they urged the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (UEMOA) to reinforce their cooperation through joint sensitization actions on CET among economic operators".
Senegal and members of the West African Economic and Monetary Union (UEMOA*) completed a major step towards introducing Islamic financial services later this year following a review of the region's financial regulations.
With this, the bank has increased its existing regional securities capabilities to comprise West African Economic and Monetary Union (UEMOA) region.

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