West Africa: Statement By the IMF Managing Director On the Reform of West Africa's CFA Franc

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Ms. Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), issued the following statement today on the reform of the West African Economic and Monetary Union (WAEMU)'s CFA franc framework:

"I welcome the reforms to the WAEMU's CFA franc currency arrangement that were announced today by Presidents Ouattara and Macron in Abidjan. They constitute a key step in the modernization of long-standing arrangements between the West African Economic and Monetary Union and France.

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