From 8,845.8 billion CFA francs in 2012, the outstanding external debt of the States of the West African Economic and Monetary Union (UEMOA) rose to 25,823.7 billion CFA francs in 2019 before reaching 29,263.8 billion CFA francs in 2020. The increase estimated by Agence Umao-Titres is 20 418.0 billion

The “multilateral surveillance data of the UEMOA Commission” reveal the increase in the stock of UEMOA's external debt, in 10 years, is 20,418.0 billion CFA francs.

Through a publication entitled “The Trend”, the agency announces that the debt stock of all the States of the West African Economic and Monetary Union in relation to the Union's nominal Gross Domestic Product (GDP) rose from 33.5% in 2015 to 44.1% in 2019, an increase of 10.6% in 5 years driven by external debt.

“The exceptional increase that occurred between 2019 and 2020 is explained by the financial support provided by the Union's main multilateral partners, including the International Monetary Fund (IMF), the World Bank, the African Development Bank (AfDB) and the G20”, indicates Umoa-Titres, who states that the outstanding external debt would represent 32.5% of nominal GDP.