UEMOA: A growth rate of 5.8% is expected in 2021

At the end of March, the President of the Ivory Coast, Alessane Outtara, announced some news regarding the growth prospects for this year 2021. These prospects point to a resumption of economic activity in the WAEMU (West African Economic and Monetary Union ), expecting an estimated growth rate of 5.8%.

This growth is closely related to the implementation of response and recovery plans against the Covid-19 crisis in all WAEMU member states.

All these topics were discussed at the 22nd edition of the sessions of the Assembly of Heads of State and Government of the Union. This conference also highlighted some measures initiated by community organizations and institutions (specifically the BCEAO) to support and accompany the efforts of the states to achieve successful results. In anticipation of the strong growth, President Outtara encouraged all technical and financial partners of the Union to mobilize to support Member States in the realization of recovery plans.

In addition to the growth forecasts, the important progress made in the Union’s integration process was discussed and acclaimed, especially in the field of macroeconomic management, the deepening of the common market, the strengthening of infrastructures and the implementation of sectoral policies.