West African Monetary Agency (WAMA)

Agence Monétaire de l'Afrique de l'Ouest (AMAO)

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Contact Details

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History

Established 8 Mar 1996, Freetown (Sierra Leone), as an autonomous specialized Agency of Economic Community of West African States (ECOWAS), following ECOWAS proposal, 1992, as a first step towards rationalization of regional monetary cooperation. Replaced West African Clearing House (WACH), which had been set up on 25 June 1975, Lagos (Nigeria), and commenced channelling transactions in July 1976. West African Monetary Zone (WAMZ) was confirmed on 20 Dec 2000, Bamako (Mali), following proposals of 10th Summit Meeting of ECOWAS, July 1987, Abuja, and of 13th Summit Meeting, May 1990, Banjul (Gambia).

Aims

Monitor, coordinate and implement the ECOWAS Monetary Cooperation Programme (EMCP), geared towards the creation of the ECOWAS single currency.

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Activities

Research/documentation; projects/programmes; events/meetings. Research geared towards establishment of a single monetary zone with a single currency in West Africa. Cooperates on: ECOWAS Monetary Cooperation Programme (EMCP); harmonization of payment systems, balance of payments and statistics.

Structure

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Languages

English, French.

Staff

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Financing

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Relations with Inter-Governmental Organizations

Relations with 15 inter-governmental organizations.
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Relations with Non-Governmental Organizations

Relations with 1 non-governmental organizations.
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Publications

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Members

Members in 15 countries
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Type I Classification

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Type II Classification

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Subjects *

  • Social Activity
    • Agency
  • Commerce
    • Money

UN Sustainable Development Goals **

UIA Org ID

F5070

Last News Received

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

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