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The Global financial crisis : impact on WAEMU member countries and policy options

Author: Johannes Mueller; Irene Yackovlev; Hans Weisfeld; International Monetary Fund. Research Department.; International Monetary Fund.
Publisher: [Washington, D.C.] : International Monetary Fund, 2009.
Series: IMF staff position note, SPN/09/16.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
Most WAEMU countries are likely to see economic growth deteriorate over the next two years as a result of the global economic crisis, and some WAEMU countries will be more severely affected by the crisis than others. This could have a detrimental effect on efforts to reduce poverty. Deteriorating remittances and commodity export prices are projected to negatively affect the WAEMU countries' external current account  Read more...
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Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Johannes Mueller; Irene Yackovlev; Hans Weisfeld; International Monetary Fund. Research Department.; International Monetary Fund.
ISBN: 9781589068773 1589068777
OCLC Number: 783360210
Notes: Title from PDF title page (IMF Web site, viewed Apr. 3, 2012).
"Prepared by the African Department."
"July 2, 2009."
Description: 1 online resource (16 pages).
Series Title: IMF staff position note, SPN/09/16.
Other Titles: Impact on WAEMU member countries and policy options
Responsibility: Johannes Mueller, Irene Yackovlev, and Hans Weisfeld.

Abstract:

Most WAEMU countries are likely to see economic growth deteriorate over the next two years as a result of the global economic crisis, and some WAEMU countries will be more severely affected by the crisis than others. This could have a detrimental effect on efforts to reduce poverty. Deteriorating remittances and commodity export prices are projected to negatively affect the WAEMU countries' external current account deficit and reserves, although the impact should be cushioned by positive terms-of-trade shocks, such as declining import prices for food and fuel products. These developments should also help lower inflation pressures, bringing WAEMU inflation closer to its historical level of about 2 percent by 2010.

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