UEMOA (West African Economic and Monetary Union)

The West African Economic and Monetary Union (UEMOA) is a group of West African countries working together to promote economic integration, stability, and development. Established in 1994, it aims to create a common market with shared policies on currency, trade, and banking. All member countries use the West African CFA franc, backed by France and the European Central Bank, to ensure currency stability. UEMOA fosters cooperation to improve infrastructure, financial systems, and economic growth, making the region more competitive and connected. It plays a key role in regional development while respecting individual nation sovereignty.