France is completely opened to a reform of the Franc zone, but….

Economic governance
Monday, 01 April 2019 13:14
France is completely opened to a reform of the Franc zone, but….

We are completely opened to a deep reform of the CFA, however it is up to the States to decide.” This was declared by France’s Minister of Economy and Finance, Bruno Le Maire after meeting with Niger's president, Issoufou Mahamadou on the sidelines of a meeting between the Franc Zone’s ministers of finances, held in Niamey on March 27-28, 2019.

According to these ministers, the zone provides stability and helps tackle inflation. Considering this, a deep reform of the Franc Zone may not occur any soon.

This is in a context where two out of three Togolese think the CFA should be replaced, according to a study released by Afrobaromètre last February.

Ayi Renaud Dossavi

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