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Eco Currency: Kako Nubukpo denounces an inertia on the side of the African states of the "franc" zone

27/05/2021
Categories: Economy/Forex

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On the sidelines of the "Estates General of the eco" opened on Wednesday in Lomé, togolese economist Kako Nubukpo spoke to Point Afrique. The new WAEMU Commissioner in charge of agriculture, water and the environment denounces an inertia on the part of the African states of the "franc" zone. According to Kako Nubukpo, the implementation of the single currency gives rise to two obvious situations. " On the one hand, the will of the France to move forward on the reform since the French Parliament in December 2020 gave authorization to President Macron for the ratification of the new monetary cooperation treaty between the France and the West African Monetary Union (WAEMU). And on the other hand, an inertia on the side of the African states of the franc zone in West Africa since none of the parliaments of the States of the Union has given a mandate to any head of state whatsoever to ratify the new text ", he said.

The capital of Togo, hosts since Wednesday, May 26, and for two days, an unprecedented meeting around the future West African currency, the eco. An international symposium organized by the Faculty of Economics and Management (Faseg) of the University of Lomé on the theme "which currency for which development in West Africa: eco 2021".

Its objective is to provide a framework for both scientific and multidisciplinary discussions with an openness to other actors. At the end of the two days of debate, the participants will propose a roadmap to the ECOWAS Heads of State and Government to accompany them in their decision-making.

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