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From CFA to ECO: Opportunities and Challenges of Economic and Monetary Cooperation in West Africa

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  • Emmanuel Pinto Moreira

Abstract

The major announcement of December 21, 2019, of the shift from the CFA franc to the Eco led to major changes in the monetary landscape and institutional setting of the West African states. This paper analyzes the benefits and challenges for economic and monetary cooperation in West Africa of this new development. While this new initiative has many advantages, establishing a new currency at the West African region, as a whole faces unresolved issues that may compromise its success. The paper sheds light on these issues and represents a major contribution to the policy debate on the readiness of West African states to create a single currency.

Suggested Citation

  • Emmanuel Pinto Moreira, 2021. "From CFA to ECO: Opportunities and Challenges of Economic and Monetary Cooperation in West Africa," Research papers & Policy papers on Economic Trends and Policies 2139, Policy Center for the New South.
  • Handle: RePEc:ocp:rpaeco:pp-16-21
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    File URL: https://www.policycenter.ma/sites/default/files/2021-10/PP-16-21-PINTO-2.pdf
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    1. Anne-Marie Geourjon & Samuel Guérineau & Patrick Guillaumont & Sylviane Guillaumont Jeanneney, 2013. "Intégration régionale pour le développement en Zone franc," Post-Print halshs-00908217, HAL.
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