The economic growth rate of the West African Economic and Monetary Union (WAEMU), has increased from "5.8% in 2019 to 0.9% in 2020", due to covid-19. The announcement was made by the President of the WAEMU Assembly of Heads of State and Government, Alassane Ouattara during the 22nd ordinary session of the Union held by videoconference.

The health crisis has had serious consequences for the development of the WAEMU zone. "On the economic front, the Union's growth rate has fallen sharply, mainly due to the effects of the coronavirus pandemic. It went from 5.8% in 2019 to 0.9% in 2020," ouattara said > <. "The outlook for 2021 suggests a recovery in economic activity in the Union, with an estimated growth rate of 5.8%, in line with the implementation of response and recovery plans in all Member States," he added.
The Ivorian Head of State invited all the Union's technical and financial partners to mobilise to support the Member States in the implementation of the recovery plans.