West African Economic And Monetary Union (WAEMU): Economic Benefits, Achievements And Challenges

                @article{CRSIJ26000489,
                  author = {Jaho Philip},
                  title = {West African Economic And Monetary Union (WAEMU): Economic Benefits, Achievements And Challenges},
                  journal = {Cosmo Research and Science International Journal},
                  year = {2026},
                  volume = {2},
                  number = {2},
                  pages = {923-932},
                  issn = {3108-1584},
                  url = {https://cosmorsij.com/published/CRSIJ26000489.pdf},
                  abstract = {The study examined West African Economic and Monetary Union (WAEMU) with focus on the benefits, achievement and challenges of WAEMU. Seven Sub-Saharan African countries- Benin, Burkina Faso, Cote De’ Ivoire, Mali, Niger, Senegal, Togo and Guinea-Bissau signed a treaty establishing WAEMU. In order to address the subject matter of WAEMU and put the regional economy of WAEMU on the path of growth and development, the study used library science method/content analysis in which data from secondary materials on regional economic integration in WAEMU and other regional blocs. The findings from the content analysis showed that, the role and achievement of WEMU include but not limited to; fixed exchange rate regime, effective capital controls, foreign exchange reserves, sensible data matching and forecasting capabilities and coordinate monetary policies. Nevertheless, WAEMU is faced with challenges in trade openness, stringent government policies and industrial productivity.},
                  keywords = {African countries, Monetary union, Sub-Saharan, WAEMU, West African},
                  month = {September}
        }