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Examines how the West African Economic and Monetary Union (WAEMU) can achieve its development and stability objectives, improve the livelihood of its people, and enhance the inclusiveness of its economic growth, all while preserving its financial stability, enhancing its competitiveness, and maintaining its current fixed exchange rates.
Finds that short-term risks to financial stability have increased somewhat since the previous Global Financial Stability Report. Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies.
Provides detailed guidance on the implementation of the new Fiscal Transparency Code, which was approved by the IMF Board in 2014. It explains why each principle of the Code is important and describes current trends in implementation of the principles.
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