The Commission of the West African Economic and Monetary Union (UEMOA), chaired since March 2021 by Senegalese Abdallah Diop, former Minister of Budget, is intervening in three main areas by 2025 related to economic policy convergence, governance and integration.
The Priority Actions Framework, CAP 2025, which was created in May 2021 following the College Constitution chaired by Mr. Diop, operates on 23 key actions covering the period 2021-2025. “In all, there are 128 activities to fund the 112 billion CFA francs from the Commission,” says Souleymane Diarra, Director of Strategy and Evaluation.
In the first 3 themes, convergence, there are 7 main actions.
This is a system implementation free practice within WAEMU; strengthening the operational capabilities of competition enforcement structures; creation of a stabilization fund within the federation; Production and promotion of regional statistics (renewal of IHPC, MCS, MEGC and BDSM); from development
transportation efficiency and transit infrastructure; Upgrade functional
multimodal transport; and support
Safe Border Management in the WAEMU District.
In the second axis, integration, there are 10 main actions related to Strengthening the structure of sectoral procedures. These include, among others, creation of industrial competitive groups; development of power poles. development of a digital service offering; development of regional centers for training and research; establish an intervention mechanism for epidemic prevention and control; Activating the mechanism for promoting cultural and creative institutions and industries; promoting sustainable agriculture; enhancing food and nutrition security; strengthening the resilience of populations in the face of hazards and climate change; And from here Promote cross-border cooperation.
At the level of this second axis, WAEMU’s energy policy is dealt with. In this regard, last September 30, the organization’s Council of Ministers adopted a strategy for developing energy poles in the region. “An energy development fund of CFA 250 billion has been set up,” says Lassane Oudraogo, director of energy and mines. This structure will enable the energy supply, which is currently growing by 8%, to keep pace with energy demand which is growing at 14% annually, to modernize a dilapidated heat-sovereign grid and raise the rate of access to electricity. It is estimated at 48.7% in average and 14% in rural areas.
It should be noted that the West African Economic and Monetary Union has also adopted a new regulatory framework on public-private partnerships (PPP). “From now on, any partnership of this type must include a part dedicated to community enterprises,” recalls Khadi-Evelyn-Denis Ndiaye, director of the private sector at the WAEMU Commission.
As for the third axis of CAP 2025, it is related to: Enhance governance and organizational performance. Thus, 6 main actions are maintained at this level. This is the bet developing strategic management tools; continue to implement the program budget; strengthening and strengthening of internal skills; strengthening the mobilization of financial resources and management mechanisms; Strengthen
capabilities to mobilize partnerships and absorb external resources; and establishing mechanisms to direct and monitor policies, programs and reforms.
Implementation of Cape 2025 It is provided by a Monitoring and evaluation system, coordinated by the Board of Commissioners. This system makes it possible to make the necessary adjustments, especially with regard to intensifying human, financial and political efforts in light of the difficulties encountered so that the results planned for 2025 are at the level of ambitions.