The West African Economic and Monetary Union (WAEMU) is heading for Dubai on 9th September. The union that includes 7 countries intends to mobilize 10 759 billion FCFA (15 billion euros) in order to realize about twenty projects. The conference organized in partnership with the West African Bank of Development (WABD) and the Central Bank of West African States (BCEAO) will get the participation of foreign investors.
« Investing in the WAEMU« , the seduction operation of the Union will get the participation of the Heads of States and governments of member countries as well as the foreign investors. The objective of this international meeting is the fund raising in order to finance 17 integrating projects which costs are estimated at 10 759 billion FCFA (more than 15 billion euros).
« These projects were selected on the basis of availability of feasibility studies or prefeasibility studies with an impact on the growth and that can be realized within the framework of Private Public Partnerships (PPP) », reminded the WAEMU.
The West African Economic and Monetary Union (WAEMU) was created by the Treaty signed in Dakar on 10th January 1994 by the Heads of States and Government of the seven countries of West Africa having in common the use of a common currency, the FCFA. They are Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal and Togo.
Original text by: Roger ADZAFO