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Economic growth: WAEMU outclasses China

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There is growth in West Africa. According to figures published on Wednesday by the Central Bank of West African States (BCEAO), the WAEMU space (West African Economic Monetary Union) expects 7.2 % growth in 2015. This forecast slightly exceeds that of China (7 %).

In 2014, the WAEMU space already registered an increase of its GDP moving from 5,9 % (in 2013) to 6,6 %. The economic health of the zone can be partially explained by the economic exploit of Ivory Coast. The country reached two-digit growth (10 %) in 2014.

The West African Economic and Monetary Union (WAEMU) is a West African organization that has for mission, the implementation of the economic integration of its Member states through the economic activities competitiveness strengthening within the framework of an open and competitive market and a rationalized and harmonized legal environment.

It includes eight countries (Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo).

 

Original text by: Roger ADZAFO

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