West African Economic and Monetary Union

EENI- School of International Business

Subject (Course): The West African Economic and Monetary Union (WAEMU/UEMOA). Syllabus:

  1. Introduction to the West African Economic and Monetary Union (WAEMU).
  2. Objectives of WAEMU
  3. Functioning of WAEMU.
  4. Institutions of the West African Economic and Monetary Union
  5. Activities carried out and policies implemented by the West African Economic and Monetary Union (WAEMU)
  6. Community Competition Policy
  7. The Legal Framework: the WAEMU Treaty
  8. Achievements of the Economic and Monetary Union of West Africa
      - Common Market
      - Common External Tariff
      - Sectoral Policies
  9. African Monetary Zone (WAMZ). The CFA Franc.
  10. West African Monetary Institute
  11. Case Study: Opportunities for Increasing Cross-Border Trade in the Banking Sector
  12. Political Context of the West African Economic and Monetary Union (WAEMU)
  13. Structural Competitiveness of WAEMU Countries
  14. The Economy of the West African Economic and Monetary Union (WAEMU) region
      - Economies of the WAEMU's Member States
      - Case Study: Impact of the Malian crisis on WAEMU
  15. WAEMU - Regional Integration
  16. Central Bank of the States of West Africa (BCEAO)
  17. West African Development Bank (BOAD)
  18. Cauris Management (private equity fund manager)
  19. Guarantee Fund for Private in West Africa (GARI)
  20. Case Study: Banking sector in the WAEMU region
  21. WAEMU countries and AGOA
  22. Doing Business in the West African countries (Economy, International Trade, and Exports-Imports)
  23. TWAEMU - US Trade and Investment Framework Agreement
  24. West African Economic and Monetary Union (WAEMU) - US Trade and Investment Framework Agreement

The objectives of the subject “West African Economic and Monetary Union (WAEMU/UEMOA)” are the following:

  1. To understand the purposes and functions of the West African Economic and Monetary Union (WAEMU)
  2. To know the WAEMU Treaty
  3. To assess the benefits for member countries of WAEMU
  4. To analyse the economic context of WAEMU
  5. To analyse the process of economic integration (Common Market, Common External Tariff) and foreign trade among the member countries of the West African Economic and Monetary Union
  6. To know the Customs Code of WAEMU
  7. To explore the financial and banking system of the UEMOA and the role of the Central Bank of West African States
  8. To analyse the role of affiliated institutions of the West African Economic and Monetary Union (WAEMU)
Subject “The West African Economic and Monetary Union (WAEMU)” is studied…
  1. Masters (e-learning): Africa, Frontier Markets, and International Business (MIB)
  2. Doctorate DIB Africa, Doctorate DIB Muslim Countries
  3. Course Doing Business in West Africa

Learning materials in En or Fr UEMOA Es UEMOA Pt UEMOA

  1. Credits of the subject “The West African Economic and Monetary Union (WAEMU)”: 2 ECTS/1 AC Credits
  2. Duration: two weeks

Area of Knowledge: Africa

Sample of the subject - West African Economic and Monetary Union (WAEMU):
West African Economic Monetary Union

We Trust in Africa

Subject Description (WAEMU - West African Economic and Monetary Union).

In 1994 was created the West African Economic and Monetary Union (WAEMU) by seven West African countries using the CFA Franc (common currency): Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal, and Togo.

Guinea-Bissau became a member of the West African Economic and Monetary Union (WAEMU) in 1.997.

All these countries used a common currency, the CFA Franc.

The main objectives of the West African Economic and Monetary Union are to intensify the competitiveness of the economic and financial activities of West African Economic and Monetary Union economies developing an open and competitive market and a harmonised legal environment.

The West African Economic and Monetary Union has implemented a common market based on the free movement of persons, goods, services, capital, and the right of establishment.

The West African Economic and Monetary Union (WAEMU) has achieved several objectives (harmonisation of laws, common policy, free movement, competition rules), but some obstacles and even delay are slowing the process of integration.

A portion of the common external tariff (CET) - entered into force in 2000- the West African Economic and Monetary Union (WAEMU) is used to finance the institution.

The West African Economic and Monetary Union Inter-Parliamentary Committee adopted a draft treaty on the creation of a regional parliament.

West African Economic and Monetary Union (WAEMU).

ECOWAS ZMAO WAEMU

- Area: 3,509,600 square kilometres
- Population: 80,340,000
- Growth rate: 3%
- Nominal GDP: 24,332,6 billion FCFA
- Real GDP (at constant prices): 18,458.8 billion FCFA
- Real GDP growth rate: 5,8%
- The annual inflation: 2.5%
- Main religions: Islam and Christianity
- Military coups in Mali and Guinea-Bissau
- Economic recovery of Ivory Coast.

The economies of the Member States of the Economic and Monetary Union of the Africa West (WAEMU) suffered from an unfavourable global environment, characterised by high prices of food products and products derived from petroleum, as well as the global crisis.

The Central Bank of the States of West Africa (BCEAO) is the financial institution of the eight Member States of the West African Monetary Union. The Central Bank of the West African States is an international public institution based in Dakar.

The West African Development Bank (BOAD) is a common institution created to finance the development of the economies in the West African Monetary and Economic Union. It was created on November 1973. Its Member States are Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal, and Togo.

The Economic and Monetary Union of the Africa West (WAEMU) belongs to the West African Economic Area of the African Civilisation.

See also: West African Monetary Zone (WAMZ)

West African ports: Dakar, Abidjan, Cotonou, and Lomé

Trans-African corridors:

  1. Algiers-Lagos Corridor
  2. Trans-Sahelian Highway

Samples - WAEMU

WAEMU Common Market

US WAEMU Agreement

Trans-Sahelian Highway

West African Development Bank BOAD

Cairo-Dakar Corridor

Algiers-Lagos Corridor

Abdoul Karim Ouandaogo
Ouandaogo Abdoul Karim (Student of the Master University of Ouagadougou & EENI) winner of one WAEMU regional award.

WAEMU countries and AGOA
WAEMU countries and AGOA


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