L'Uemoa Et Les Finances Publiques Des Etats Membres Paperback

Thiamba Gueye

On 10 January 1994, following the failure of Structural Adjustment Policies proposed by external donors and the subsequent devaluation of the CFA Franc, the Treaty establishing the Economic Union was signed in Dakar. West African Monetary Union (UEMOA) by seven states: Benin, Burkina Faso, Ivory Coast, Mali, Niger, Senegal and Togo. On May 2, 1997, Guinea Bissau will become the eighth State of the Union. This Treaty ratifies the transformation of the West African Monetary Union, regrouping the former French West African colonies sharing the same common currency (the CFA Franc), into an economic union. In order to avoid reliving the same situation that led to the devaluation of the common currency, the Union decided to improve the public finances of the Member States, by putting in place an appropriate legal framework and Multilateral Surveillance of their budgetary policies. The goal of the founding fathers was to achieve, through this legal arsenal, to harmonize national budget and accounting laws, but also to establish a real budgetary discipline in support of the common monetary policy.

9783838146287

French

Omniscriptum

476