Global Financial Crisis: Impact on WAEMU Member Countries and Policy Options
Most of the WAEMU countries are likely to be affected by the global economic crisis. The analysis points to monitoring of fiscal and monetary policies and financial sector developments. All WAEMU countries are currently under IMF-supported programs that are designed to help countries cope with the impact of the crisis. Specific policy recommendations include fiscal expansion at low or moderate risk of debt distress, exchange rate developments, and monitoring of bank balance sheets.
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