WAEMU: Diop and Gnassingbé Review Economic the Union’s Situation in Recent Meeting

Economy
Tuesday, 14 May 2024 16:05
WAEMU: Diop and Gnassingbé Review Economic the Union’s Situation in Recent Meeting

(Togo First) - Togo has played a crucial role in improving the economic situation of the West African Economic and Monetary Union (WAEMU), according to WAEMU Commission President Abdoulaye Diop during a meeting with Togolese President Faure Gnassingbé. The two met on May 13, 2024.

Diop noted that the Togolese economy's resilience amid international economic challenges has allowed the WAEMU to maintain its growth momentum. The Union's growth is estimated at nearly 6.0% in 2022, compared to 6.1% and 1.7% in 2021 and 2020, respectively.

The Central Bank of West African States (BCEAO) emphasized that WAEMU remains one of the most dynamic economic zones in sub-Saharan Africa, driven by member states' economic performance. BCEAO projections indicate UEMOA's growth is expected to exceed 6.0% in 2024.

Likewise, Togo is projecting a 6% growth rate this year, according to the African Development Bank (AfDB). This performance demonstrates the strength of the Togolese economy and its positive contribution to UEMOA's overall growth.

Esaïe Edoh

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