From 10 to 11 October 2019, the fall 2019 edition of the Meeting of Ministers of the Franc Zone (RMZF) was held in Paris at the Ministry of the Economy and Finance. Romuald Wadagni with his double hat of Beninese Minister of Economy and Finance then President of the Statutory Council of Ministers of the West African Economic and Monetary Union (UEMOA) took an active part in the work on the health of the economies of the countries sharing the CFA franc … REPORTS Romuald Wadagni has scrutinized with his colleagues from 14 countries in sub-Saharan Africa, the Comoros and France, the major economic and monetary issues that bring them together. These meetings are held every six months in turn in France and Africa. Together, they led discussions on the fight against illicit financial flows, the way out of the crisis in oil states, and the development of public-private partnerships. During the plenary session attended by ministers, concerns revolved around the development of macroeconomic indicators in the area. According to the General Directorate of the French Treasury “in these three groups, the countries of the franc zone are doing better. The growth rate in UEMOA is conservatively estimated at 6.6% taking into account the significant share of the informal economy… ” At the CEMAC level, we note the beginning of the crisis after the shock suffered the day after the fall in oil prices in 2014.The growth rate here is 2.7%. Read the ministers’ resolution below. MINISTERS ‘RESOLUTION The ministers responsible for finance of the countries of the Franc Zone meeting in Paris on October 11, 2019 noted that in a context of a slowdown in economic activity and world trade in 2018 (growth of 3.6% in 2018 against 3.8% in 2017), the economies of the Franc Zone countries are resilient, but performance is mixed. Growth remained robust in the WAEMU, with a rate which stood at 6.6% in 2018, as in 2017, thanks to the good performance of all sectors CEMAC recorded a growth rate of 1.7% in 2018, a significant increase compared to previous years (0.6% in 2017 and -1.5% in 2016), mainly due to a significant improvement in the contribution of the oil sector. In the Comoros, growth continued to strengthen, going from 3.3% in 2016 to 3.8% in 2017 and 2018, thanks, among other things, to the significant improvement in the energy supply and the increase in investments. public sectors observed in recent years, particularly in basic infrastructure.
