-At 2025 Mid-Year Joint Statutory Meetings
Monrovia, Liberia – Regional monetary institutions of the Economic Community of West African States (ECOWAS) Commission convene the 2025 Mid-Year Joint Statutory Meetings on Monday, August 4th, 2025, to discuss strengthening monetary cooperation and financial integration across the ECOWAS region.
The virtual meetings that run until August 18, 2025 will bring together the West African Monetary Agency (WAMA), the West African Monetary Institute (WAMI), and the West African Institute for Financial and Economic Management (WAIFEM),
These high-level meetings are a cornerstone of West Africa’s regional economic governance framework. They bring together central bank governors, senior finance ministry officials, technical experts, and development partners to strengthen monetary cooperation, financial integration, and macroeconomic policy coordination across the ECOWAS sub-region.
Key meetings include:
- August 4–6: The First Ordinary Joint Meeting of the Economic and Monetary Affairs Committee of WAMA and the Macroeconomic Policy Technical Committee of the ECOWAS Commission.
- August 7–8: The 52nd Meeting of the WAIFEM Technical Committee.
- August 11–12: The 57th Meeting of the WAMI Technical Committee.
- August 14: The 66th Ordinary Meeting of the ECOWAS Committee of Governors.
- August 15: The 54th Meeting of the WAMZ Convergence Council.
- August 18: The 12th Ordinary Meeting of the ECOWAS Convergence Council of ministers and governors.
These sessions will review critical reports and policy issues, including: - The ECOWAS Macroeconomic Convergence Report for 2024
- The status of implementation of the ECOWAS Roadmap
- Exchange rate developments and inflation trends
- Progress on the ECOWAS Solidarity and Stabilization Fund
- Financial sector developments and regional payment systems
- Preparations for the launch of the ECOWAS single currency, the ECO, by 2027
The meetings will also feature discussions on the impact of global economic uncertainty, inflationary pressure in the region, particularly, in the West African Monetary Zone countries, and currency depreciation on intra-regional trade and monetary integration.
“These statutory meetings, which will virtually be attended by both the Ministry of Finance & Development Planning (MFDP) and the CBL, reaffirm our collective commitment to regional integration and economic transformation,” said Henry F. Saamoi, CBL Executive Governor. “They provide a platform for evidence-based dialogue and coordinated action to address shared challenges and accelerate the realization of the ECO.”
The outcomes of these meetings will shape the strategic direction of ECOWAS monetary cooperation and contribute to building a more resilient and integrated West African economy.
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