The Role of Convergence Pacts in the Light of New Budgetary Mechanisms and Development Financing Mechanisms in the Franc Zone
By Claude N’Kodia, Felwine Sarr
English
Recent initial debt relief initiatives in the CFA zone have created a new economic and financial framework. This must now be preserved and consolidated. The implementation of convergence pacts in the CEMAC and WAEMU Zones could be beneficial in this new context, provided that their plans of action are reworked so as to promote high levels of economic growth and sustainable development, and to satisfy new requirements with regard to poverty alleviation.