West African Monetary Zone (WAMZ)

Zone monétaire de l'Afrique de l'ouest (ZMAO)

Search Open Yearbook

This information is part of the Open Yearbook, a free service of UIA's subscription-based Yearbook of International Organizations (YBIO). It includes profiles of non-profit organizations working worldwide in all fields of activity. The information contained in the profiles and search functionality of this free service are limited.

The full-featured Yearbook of International Organizations (YBIO) includes over 70,000 organization profiles, additional information in the profiles, sophisticated search functionality and data export. For more information about YBIO, please click here or contact us.

The UIA is a leading provider of information about international non-profit organizations. The aim of the Open Yearbook is to promote the activities of international non-governmental organizations (INGOs) and intergovernmental organizations (IGOs).

Contact Details

Available with paid subscription only.

History

20 Dec 2000, Bamako (Mali), following adoption of Accra (Ghana) Declaration, Apr 2000. Grew out of a proposal July 1987, Abuja (Nigeria), at 10th Summit Meeting of Economic Community of West African States (ECOWAS), and again in May 1990, Banjul (Gambia), at 13th Summit Meeting. Decision at the 22nd Summit of ECOWAS Heads of State and Government, Lomé (Togo), 9 Dec 1999, facilitated integration process through a fast track approach. Following convergence process, merger would be negotiated between the first monetary zone West Africa Economic and Monetary Union (UEMOA) and WAMZ to create ECOWAS single monetary zone. West African Monetary Agency (WAMA), proposed 1992, by ECOWAS as a transformation of West African Clearing House (WACH), would be pivotal to such a merger negotiation as the umbrella agency implementing ECOWAS Monetary Cooperation Programme (EMCP). May 2005, Convergence Council of Ministers and Central Bank Governors agreed to extend commencement of WAMZ monetary union to Dec 2009 and then to or before Jan 2015. In response to exogenous reasons, convergence council further extended commencement to 2020.

Aims

Promote monetary cooperation and integration through the establishment of a common central bank that will issue a common currency.

Available with paid subscription only.

Activities

Organizes: Conference of Heads of State held annually, usually in December, during Summit of Heads of State of ECOWAS; annual Trade and Finance Ministers Forum; economic research to aid monetary integration.

Structure

Available with paid subscription only.

Languages

Available with paid subscription only.

Relations with Inter-Governmental Organizations

Relations with 11 inter-governmental organizations.
More detailed data available with paid subscription.

Relations with Non-Governmental Organizations

Relations with 1 non-governmental organizations.
More detailed data available with paid subscription.

Publications

Available with paid subscription only.

Members

Members in 6 countries
More detailed data available with paid subscription.

Type I Classification

Available with paid subscription only.

Type II Classification

Available with paid subscription only.

Subjects *

  • Commerce
    • Banking
    • Currency
    • Money

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

F6262

Last News Received

18. Dec 2017
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

You are viewing an organization profile from the Yearbook of International Organizations Online.
← return to your search page to find additional profiles.
Terms of Use

UIA allows users to access and make use of the information contained in its Databases for the user’s internal use and evaluation purposes only. A user may not re-package, compile, re-distribute or re-use any or all of the UIA Databases or the data* contained therein without prior permission from the UIA.

Data from database resources may not be extracted or downloaded in bulk using automated scripts or other external software tools not provided within the database resources themselves. If your research project or use of a database resource will involve the extraction of large amounts of text or data from a database resource, please contact us for a customized solution.

UIA reserves the right to block access for abusive use of the Database.

* Data shall mean any data and information available in the Database including but not limited to: raw data, numbers, images, names and contact information, logos, text, keywords, and links.