The Franc Zone includes 14 Sub-Saharan countries , the Comoros and France. Built on the close historical ties between France and African countries, the Franc Zone stems from the common desire of these countries to maintain an institutional framework that has contributed to macroeconomic stability:
The franc zone is an economic, monetary and cultural area that is equivalent to none other in the world. It is made up of very diverse states and territories and results from developments and changes in the former French colonial empire. After attaining their independence, most of the newly-created African states decided to remain within a homogenous group characterised by a new institutional framework and a common exchange rate mechanism.
The franc zone is made up of France and 15 African states: Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal and Togo in West Africa, Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon in Central Africa, and the Comoros. The franc zone is a rare example of close institutionalised cooperation between countries from two continents that share a common language and history.
The Banque de France has developed close ties with the franc zone central banks, with which it works towards ensuring the smooth functioning of the area’s shared institutions. This Fact Sheet describes the franc zone’s institutional structures and the changes they are undergoing, and brings to the fore the franc zone countries’ determination to forge ahead with regional integration in order to support growth and reduce poverty.
The franc zone annual report provides detailed information on the economic and financial situation of the franc zone.
Under the agreement signed between the Banque de France and the French Ministry of the Economy, the Banque de France draws up, together with the BCEAO, the BEAC and the BCC, the Annual Report of the Franc Zone.
This report describes the major economic, monetary and financial developments in Franc Zone member countries from both a regional and national perspective (economic monographs).
The annual report is presented to the Finance Ministers and Governors of the Franc Zone at the autumn meeting held shortly before the annual meetings of the IMF and the World Bank.
It may be downloaded in French free of charge. You will find below the translations of the overviews, press releases and studies of the latest annual reports.
Updated on: 11/02/2016 15:52