Aftermath of the CFA Franc Devaluation

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International Monetary Fund, Jun 18, 1996 - Business & Economics - 88 pages
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Developments in the countries of the CFA franc zone in the aftermath of the January 1994 devaluation of the CFA franc are reviewed in this paper. Following a summary of the new adjusment strategy, the papers describes the progress made and the difficulties encountered during 1994 and early 1995 in implementing the programs supported by use of IMF resources.
 

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Contents

II
III
ii
IV
iii
V
iv
VI
vii
VII
ix
VIII
10
IX
31
X
22
XI
28
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Page iii - CFA franc greatly improved competitiveness in sectors where the share of labor in total costs was relatively high and that of imported inputs was low, for example in agriculture, textiles and light manufactures.

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