Union économique et monétaire Ouest africaine (UEMOA)

West Africa Economic and Monetary Union

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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.


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.

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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).


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Consultative Status

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

Relations with Inter-Governmental Organizations

Relations with 34 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 20 non-governmental organizations.
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Members in 8 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Commerce
    • Money
  • Government
    • Intergovernmental Communities
  • Economics
    • Economic

UN Sustainable Development Goals **

GOAL 8: Decent Work and Economic Growth



Last News Received

16. Nov 2009
* Subject classification is derived from the organization names and aims.
** UN SDGs are linked to the subject classification.

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