BCEAO gets a new governor, another Ivorian

Economic governance
Tuesday, 07 June 2022 17:16
BCEAO gets a new governor, another Ivorian

(Togo First) - The Central Bank of West African States (BCEAO) has a new governor. His name is Jean-Claude Kassi Brou and he’s Ivorian. The Bank’s new boss was appointed last Saturday, June 4, during its latest extraordinary summit which was attended by the presidents of WAEMU states, including Togo’s leader, Faure Gnassingbé.

Before his appointment, Brou was the chairman of the ECOWAS Commission. A former Ivorian minister of mines and industry, he will effectively take over the BCEAO on July 4, 2022. 

It should be emphasized, however, that Jean-Claude Kassi Brou has worked at the institution he will now lead for eight years. Among others, the economist was the Director of International Relations (in charge of economic integration policies in the WAEMU), and the Director of the Department of Economic Studies and Currency.

Brou, 69, is quite experienced when it comes to the West and Central African macroeconomic landscape, as evidenced by his work as Resident Representative for the World Bank in Chad and the IMF in Senegal. He also served as a consultant on public enterprise reform and private sector development to the former government of the Democratic Republic of Congo.

The BCEAO handles the currency of all eight French-speaking West African countries. In the first year of the Covid-19 pandemic, the Bank issued a battery of measures to make it easier for the WAEMU States, and businesses, to secure the financing they needed.

The predecessor of Jean-Claude Kassi Brou as the BCEAO’s governor was also Ivorian, Tiémoko Meyliet Koné, who was recently appointed Vice President of Côte d'Ivoire.

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