From 8,845.8 billion CFA francs in 2012, the outstanding external debt of the States of the West African Economic and Monetary Union (WAEMU) rose to 25,823.7 billion CFA francs in 2019 before reaching 29,263.8 billion CFA francs in 2020. The increase estimated by the Umao-Titres Agency is 20,418.0 billion in 10 years.

The "data from the waemu Commission's multilateral surveillance" reveal the increase in the waemu's external debt stock, in 10 years, is 20,418.0 billion CFA francs.

Through a publication entitled "The Trend", the agency announces that the outstanding debt of all the States of the West African Economic and Monetary Union in relation to the Nominal Gross Domestic Product (GDP) of the Union has increased from 33.5% in 2015 to 44.1% in 2019, an increase of 10.6% in 5 years driven by external debt.

" The exceptional increase between 2019 and 2020 is explained by the financial support provided by the Union's main multilateral partners, in particular the International Monetary Fund (IMF), the World Bank, the African Development Bank (AfDB) and the G20 ," says Umoa-Titres, which specifies that the stock of external debt would represent 32.5% of the Nominal GDP.