From 142.0 billion CFA francs in 2024, the budget of the Organs of the West African Economic and Monetary Union (UEMOA) increased to 149.6 billion CFA francs in 2025, an increase of 5.3%. These forecasts were examined by the Council of Ministers of the Union during its fourth ordinary session for the year 2024, in the premises of the Main Agency of the Central Bank of West African States (Bceao) in Bamako, in the Republic of Mali.
On the reasons for this increase in the budget for the year 2025, the Council mentions, in its final press release, the taking into account of “activities to initiate the implementation of the new Strategic Plan of the Commission, called Impact 2030, which essentially aims to increase the performance of the UEMOA Commission and the impact of its interventions on the populations of member states. Thus, notes the document, “the Council adopted the Regulation relating to the budget of the Bodies of the Union, for the financial year 2025 and the subsequent Decisions”.
Previously, Adama Coulibaly, Minister of Finance and Budget of the Republic of Côte d’Ivoire, current President of the Council, and his colleagues examined “recent developments in the economic situation of the Union”. They therefore welcomed “the continued vigor of economic activity during the year 2024. Indeed, the latest estimates of the Union’s GDP show an acceleration in the rate of growth of activity economy in 2024, with growth of 6% after 5.3% in 2023.
The Ihpc base 100 in 2023 replaces the Ihpc base 100 in 2014
The ministers noted that “inflationary pressures have eased. The inflation rate, year-on-year, stood at 4.1% in the third quarter of 2024, stable compared to its level of the previous quarter.
The Council noted that “the economic outlook for the Union remains generally favourable. According to the latest forecasts from the Bceao, the growth rate of the Union’s GDP, in real terms, would stand at 6.3% in 2025. This acceleration would be driven in particular by the good performance of agricultural, extractive and manufacturing production as well as commercial and financial activities.
The Council of Ministers examined and adopted, by way of Regulation, the methodological guide defining the modalities for developing and calculating the Harmonized Consumer Price Index within UEMOA member states (Ihpc base 100 in 2023). This adoption allows the Union to comply with the latest international standards for the consumer price index and to better take into account the current consumption habits of households when measuring inflation. Thus, from January 1, 2025, the Ihpc base 100 in 2023 becomes the official instrument for measuring Inflation in the UEMOA zone, replacing the Ihpc base 100 in 2014.
By Dialigué FAYE – [email protected]
