Restarting the engine

21/04/2011
Restarting the engine

The new Ivorian president, Alassane Ouattara, may participate in the extraordinary summit of the West Africa Economic and Monetary Union (UEMOA), an organization currently headed by Faure Gnassingbé, on April 30 in Lomé.
The decision of this extraordinary meeting in Togo was taken in late January at Bamako, at the end of the XV Summit held in the light of the events in Ivory Coast.
Since the past week, the situation has changed with the arrest of Laurent Gbagbo.
In fact, the central bank (BCEAO) has lifted its sanctions, allowing the Treasury to pay the Ivorian government officials and commercial banks to resume normal activity.
The four months of political crisis have largely tested the economy of Ivory Coast. The Heads of State of member countries of UEMOA will examine ways to promote a quick recovery in a short term.
Besides the Ivorian peace process, the participants will also discuss the rising market of raw materials and commodities.
UEMOA comprises of the following countries: Benin, Burkina Faso, Ivory Coast, Guinea Bissau, Mali, Niger, Senegal and Togo.

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