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AfricaMay 4 2010

BCEAO works to recapitalise region's banks

Philippe-Henri Dacoury-Tabley, governor of the Banque Centrale des États de l'Afrique de l'OuestThe governor of the Banque Centrale des États de l'Afrique de l'Ouest, Philippe-Henri Dacoury-Tabley, outlines his monetary policy to increase capital and maintain stable inflation levels. Writer Nick Kochan
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BCEAO works to recapitalise region's banks

Q: Could you give an overview of the monetary policy aims of the West African Economic and Monetary Union's (WAEMU's) central bank?

A: A primary aim of the Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) is to maintain price stability within the WAEMU region. On condition that this aim is respected, the central bank lends its support to the union's economic policies with a view to healthy and lasting growth.

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