Union économique et monétaire Ouest africaine (UEMOA)

West Africa Economic and Monetary Union

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

1 Aug 1994, on coming into effect of a Treaty, signed 10 Jan 1994, Dakar (Senegal), by Heads of State and Government of 7 countries of the subregion: Benin; Burkina Faso; Côte d'Ivoire; Mali; Niger; Senegal; Togo. Guinea-Bissau became the 8th member state on 2 May 1997. Commenced activities, Jan 1995. Set up in response to devaluation of the CFA Franc, 11 Jan 1994. By signing the UEMOA Treaty, the 7 first member states indicated their intention to complete the West African Monetary Union (WAMU), which had existed between them since 12 May 1962, into an economic and monetary Union. In this regard, UEMOA complements and rounds off work of UMOA and replaces 'Union douanière économique des Etats de l'Afrique de l'Ouest (UDEAO)', set up 9 June 1959 and reorganized as West African Economic Community (CEAO) on coming into force of the 'Treaty of Abidjan', 1 Jan 1974. Common monetary zone launched Jan 2000. Member states are also members of CFA Franc Zone (PAZF). Following convergence process, merger would be negotiated between the first monetary zone UEMOA and West African Monetary Zone (WAMZ) to create ECOWAS single monetary zone.

Aims

Strengthen competition in the context of an open, competitive market and a streamlined, harmonized legal framework; ensure the convergence of economic performance and policies by instituting a multilateral surveillance procedure; create a common market among member states, based on the free flow of persons, goods, services and capital; work towards an common external tariff and a common trade policy; establish the coordination of national sectoral policies; harmonize member states' laws to the extent necessary for proper functioning of the common market.

Available with paid subscription only.

Activities

Maintains and develops a network of cooperation with similar integration organizations in Africa. Economic and Statistical Observatory for Sub-Saharan Africa (AFRISTAT) assists in harmonizing consumer price indexes in member countries. Instrumental in setting up: African Centre for Advanced Studies in Management (CESAG); School of Mining Industry and Geology (EMIG).

Structure

Available with paid subscription only.

Languages

French.

Financing

Available with paid subscription only.

Consultative Status

World Intellectual Property Organization (WIPO) (Observer Status).

Relations with Inter-Governmental Organizations

Relations with 34 inter-governmental organizations.
More detailed data available with paid subscription.

Relations with Non-Governmental Organizations

Relations with 19 non-governmental organizations.
More detailed data available with paid subscription.

Publications

Available with paid subscription only.

Members

Members in 8 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
    • Money
  • Government
    • Intergovernmental Communities
  • Economics
    • Economic

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth

UIA Org ID

F3713

Last News Received

16. Nov 2009
* 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.