Gathered in Dakar, the Council of Ministers of the West African Economic and Monetary Union (WAEMU) held its first ordinary session of the year 2026 on Friday, March 27, at the headquarters of the Central Bank of West African States (BCEAO). The meeting was chaired by Aboubakar Nacanabo, Minister of Economy, Finance and Prospective of Burkina Faso. At the end of the meeting, several structuring decisions were endorsed.
The Council notably adopted decisions regarding the renewal of the mandates of the representatives of the member states within the Financial Stability Committee in the WAEMU (CSF-WAEMU), in order to strengthen the proper functioning of these key organs of the regional financial ecosystem.
The accounts of the BCEAO for the year 2025 as well as the allocation of financial results were also approved, within the prerogatives of the Union. In this context, the Council applied article 56 of the statutes of the issuing institute regarding the appointment of a vice-governor: the mandate of Mamadou Diop was renewed on the proposal of the Nigerien authorities.
Furthermore, the ministers validated the annual accounts as of December 31, 2025 of the West African Development Bank (BOAD), its annual report for 2025 as well as its strategic plan for 2026-2030 “DJOLIBA – the Suite”. This new roadmap aims to consolidate previous achievements while accelerating the balanced development of the region through several structuring axes.
Finally, the Council adopted the private sector development strategies and the promotion of public-private dialogue in the WAEMU space for the period 2025-2030. These legal instruments should contribute to strengthening a more attractive and efficient business environment within the Union.
