ECOWAS and IMF Sign Strategic Deal to Strengthen Macroeconomic Governance in West Africa

ECOWAS and the International Monetary Fund have signed a strategic agreement to strengthen macroeconomic governance in West Africa.

Signed on March 27 in Abuja, the protocol establishes a framework for cooperation aimed at improving the coordination of economic and financial policies among member states.

The agreement provides enhanced support in key areas such as budget management, public debt, and statistical systems, with the goal of strengthening the institutional capacities of West African countries.

The President of the ECOWAS Commission, Omar Alieu Touray, emphasized that this partnership will intensify political dialogue and improve macroeconomic monitoring, while supporting the project of a regional monetary union.

Wautabouna Ouattara stated that this collaboration will strengthen the representation of West African countries within the IMF and facilitate better consideration of their priorities in international economic discussions.

Through this partnership, the two institutions aim to promote sustainable financial stability and support more inclusive economic growth across West Africa.