The CFA franc zone: Economic development and the post-COVID recovery

The Brookings Africa Growth Initiative will host a discussion on the new book “The CFA Franc Zone: Economic Development and the Post-COVID Recovery,” with author Ali Zafar. In his book, Zafar surveys the history and the complex political economy of the zone and the roles of the trifecta of key players-the CFA francophone governments, France, and the International Monetary Fund-in the current setup, as well as proposes a reform of the exchange rate and macroeconomic architecture for both West and Central Africa. Panelists will explore policy options for CFA franc countries in these complex times, including effective responses to recent macroeconomic shocks, exchange rate options, and a roadmap to revamped fiscal and monetary policy framework for these countries to address development challenges.
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