The Pros and Cons of Expanded Monetary Union in West Africa.(Statistical Data Included)(Interview)

From: Finance & Development | Date: March 1, 2001 | Copyright information

R.D. Asante and Paul Robert Masson talk with Jacqueline Irving of the IMF's External Relations Department

SIX OF THE 15 members of the Economic Community of West African States (ECOWAS)--The Gambia, Ghana, Guinea, Liberia, Nigeria, and Sierra Leone--have launched an ambitious initiative to set up a second monetary union and common currency in West Africa, alongside the 52-year-old, 8-member West African Economic and Monetary Union (WAEMU).

The six countries have pledged to adopt a common currency by January 2003 and to work toward merging their planned monetary union with ...

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