The economic growth rate of the West African Economic and Monetary Union (UEMOA) increased from “5.8% in 2019 to 0.9% in 2020”, due to Covid-19. The announcement was made by the President of the UEMOA Conference of Heads of State and Government, Alassane Ouattara, during the 22nd ordinary session of the Union

The health crisis has had a major impact on the development of the UEMOA zone. “On the economic front, the Union's growth rate has fallen sharply, mainly due to the effects of the coronavirus pandemic. It went from 5.8% in 2019 to 0.9% in 2020,” said Alassane Ouattara.
“The outlook for the year 2021 suggests a resumption of economic activity in the Union, with a growth rate estimated at 5.8%, in connection with the implementation of response and recovery plans in all Member States”, he added.
The Ivorian Head of State invited all the Union's technical and financial partners to mobilize to support the Member States in the implementation of recovery plans