2020 Economic and Financial Report on CEMAC, WAEMU and the Union of the Comoros outlines the economic and financial situation of countries in monetary cooperation with France in 2020. The document provides an update on their prospects at the end of 2021.

The countries of the Africa-France Monetary Cooperation are showing greater resilience than their neighbours, but with increased structural challenges. The Report was produced by the Banque de France, with the support of the BCEAO, the BEAC and the Central Bank of the Comoros, which provide the economic and financial data. In 2020, countries experienced a sharp economic slowdown due to the crisis linked to the Covid-19 pandemic, with Gross Domestic Product (GDP) growth of only +0.4%. The credible peg to the euro of the currencies of the Africa-France Monetary Cooperation countries has, on the other hand, made it possible to contain the surge in the general level of prices in 2020 (2.2% against 0.3% in 2019) and to maintain the inflation well below the SSA average (10.3%).