Transcription of 2016 ANNUAL REPORT
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2016 ANNUAL REPORT
\ ECOWAS COMMON EXTERNAL TARIFF (CET): ACHIEVEMENTS, CHALLENGES AND PROSPECTS Abuja, November 2016 2016 ANNUAL REPORT 2016 AN N U A L RE P O R T O F E C O W A S P a g e | 2 ECOWAS Commission 2016 TABLE OF CONTENTS LIST OF FIGURES .. 4 ABREVIATIONS AND ACRONYMS .. 5 ACKNOWLEDGEMENT .. 7 MESSAGE FROM THE PRESIDENT OF THE ECOWAS COMMISSION .. 8 EXECUTIVE SUMMARY .. 13 INTRODUCTION .. 21 CHAPTER I: RECENT ECONOMIC DEVELOPMENTS IN WEST AFRICA .. 23 GLOBAL ECONOMIC SITUATION .. 23 GROWTH OF THE AFRICAN ECONOMY .. 27 WEST AFRICAN ECONOMIES .. 29 Economic growth .. 29 Inflation .. 30 Budget deficit .. 32 Public Debt .. 33 Public Debt .. 34 REVIEW OF ECONOMIC PERFORMANCE AND REFORMS IN ECOWAS MEMBER STATES .. 36 GLOBAL COMMODITY PRICES .. 41 CHAPTER II: IMPLEMENTATION OF THE COMMUNITY WORK PROGRAMME .. 45 HARMONIZATION OF MACROECONOMIC POLICIES AND PRIVATE SECTOR PROMOTION.
“ecowas common external tariff (cet): achievements, challenges and prospects” abuja, november 2016 2016 annual report
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