The Minister of Economy and Finance Romuald Wadagni participated on October 11, 2019 in the Meeting of Finance Ministers of the Franc Zone in Paris. During the ministerial session, he presented the initiative of the Head of State of Benin Patrice Talon on the financing of security … REPORTS Romuald Wadagni presented to Bruno Le Maire and his colleagues from the franc zone and the Comoros, President Patrice Talon’s initiative on the financing of security. It is by addressing the issue of illicit financial flows, a major subject of this meeting, that Romuald Wadagni has lifted a corner of the veil on the proposal of the President of Benin in the fight against terrorism. This security solution approach, which was at the center of recent work in Dakar with President Macky Sall, stands out as one of the best for African economies. No stable and strong economy without security hammered the Beninese finance minister. Resuming Patrice Talon, Romuald Wadagni recalled that it is important to take into account the negative impact of foreign funding for the security of countries threatened by terrorism. This support, which goes with money laundering, has a harmful effect on the growth of the Gross Domestic Product (GDP) of the countries which receive it. This is why West Africa has decided to take charge of its destiny by freeing up significant resources to fight terrorism and guarantee its security. Eco in UEMOA in 2020 In his capacity as Chairman of the Statutory Council of Ministers of the West African Economic and Monetary Union (UEMOA), Romuald Wadagni hosted a closing press conference of the meeting alongside his French counterpart. Asked about the advisability of the future currency of West Africa, the Eco, Romuald Wadagni made the history. He introduced the mechanism after discussing its benefits. The Eco’s exchange rate regime will be flexible with inflation targeting. However, the adoption of this currency by all the countries of the Economic Community of West African States (ECOWAS) requires progress in meeting the convergence criteria. “In the UEMOA zone, all the countries should meet all the first-rank convergence criteria in 2020 … UEMOA is therefore ready to switch to Eco” underlined Romuald Wadagni. However, pending the adoption of this unique by the other ECOWAS member countries, the current parameters of the currency will remain unchanged.