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ECOWAS
The Economic Community of West African States (ECOWAS; also known as in French and Portuguese) is a regional political and economic union of fifteen countries located in West Africa. Collectively, these countries comprise an area of , and in 2015 had an estimated population of over 349 million. Considered one of the pillar regional blocs of the continent-wide African Economic Community (AEC), the stated goal of ECOWAS is to achieve "collective self-sufficiency" for its member states by creating a single large trade bloc by building a full economic and trading union. The union was established on 28 May 1975, with the signing of the Treaty of Lagos, with its stated mission to promote economic integration across the region. A revised version of the treaty was agreed and signed on 24 July 1993 in Cotonou. The ECOWAS also serves as a peacekeeping force in the region, with member states occasionally sending joint military forces to intervene in the bloc's member countries at times ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eco (currency)
The eco is the name for the proposed common currency of the Economic Community of West African States (ECOWAS). Plans originally called for the West African Monetary Zone (WAMZ) states to introduce the currency first, which would eventually be merged with the CFA franc which is used by the French-speaking west African region within the West African Economic and Monetary Union (UEMOA). This will also enable the UEMOA states to gain complete fiscal and monetary independence from France. The UEMOA states have alternatively proposed to reform the CFA franc into the eco first, which could then be extended to all ECOWAS states. Ten criteria For the Eco to be implemented, ten convergence criteria, set out by the West African Monetary Institute (WAMI), must be met. These criteria are divided into four primary and six secondary criteria. Up to the fiscal year 2011, only Ghana has been able to meet all the primary criteria in any single fiscal year. The four primary criteria to be achie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Africa
West Africa or Western Africa is the westernmost region of Africa. The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo, as well as Saint Helena, Ascension and Tristan da Cunha ( United Kingdom Overseas Territory).Paul R. Masson, Catherine Anne Pattillo, "Monetary union in West Africa (ECOWAS): is it desirable and how could it be achieved?" (Introduction). International Monetary Fund, 2001. The population of West Africa is estimated at about million people as of , and at 381,981,000 as of 2017, of which 189,672,000 are female and 192,309,000 male. The region is demographically and economically one of the fastest growing on the African continent. Early history in West Africa included a number of prominent regional powers that dominated different parts of both the coastal and internal trade networks, suc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2021 Malian Coup D'état
The 2021 Malian coup d'état began on the night of 24 May 2021 when the Malian Army led by Vice President Assimi Goïta captured President Bah N'daw, Prime Minister Moctar Ouane and Minister of Defence Souleymane Doucouré. Assimi Goïta, the head of the junta that led the 2020 Malian coup d'état, announced that N'daw and Ouane were stripped of their powers and that new elections would be held in 2022. It is the country's third coup d'état in ten years, following the 2012 and 2020 military takeovers, with the latter having happened only nine months earlier. Background Nine months prior to the 2021 coup, in August 2020, President Ibrahim Boubacar Keïta was removed from power by a military alliance. This followed months of unrest in Mali following irregularities in the March and April parliamentary elections and outrage against the kidnapping of opposition leader Soumaila Cissé. On 18 August 2020, members of the military led by Colonel Assimi Goïta and Colonel-Major Ism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Economic Community
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union. Pillars Currently there are multiple regional blocs in Africa, also known as Regional Economic Communities (RECs), many of which have overlapping memberships. The RECs consist primarily of trade blocs and, in some cases, some political and military cooperation. Most of these RECs form the "pillars" of AEC, many of which also have an overlap in some of their member states. Due to this high proportion of overlap it is likely that some states with several memberships will eventually drop out of one or more RECs. Several of these pillars also contain subgroups with tighter customs and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abuja
Abuja () is the capital and eighth most populous city of Nigeria. Situated at the centre of the country within the Federal Capital Territory (FCT), it is a planned city built mainly in the 1980s based on a master plan by International Planning Associates (IPA), a consortium of three American planning and architecture firms made up of Wallace, Roberts, McHarg & Todd (WRMT – a group of architects) as the lead, Archisystems International (a subsidiary of the Howard Hughes Corporation), and Planning Research Corporation. The Central Business District of Abuja was designed by Japanese architect Kenzo Tange. It replaced Lagos, the country's most populous city, as the capital on 12 December 1991. Abuja's geography is defined by Aso Rock, a monolith left by water erosion. The Presidential Complex, National Assembly, Supreme Court and much of the city extend to the south of the rock. Zuma Rock, a monolith, lies just north of the city on the expressway to Kaduna. At the 2006 ce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Lagos
The Economic Community of West African States (ECOWAS) was created by the Treaty of Lagos on May 28, 1975, in Lagos, Lagos State, Nigeria. ECOWAS was established to promote cooperation and integration in order to create an economic and monetary union for promoting economic growth and development in West Africa West Africa or Western Africa is the westernmost region of Africa. The United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Maurit .... State parties – suspended from Community after 2008 coup d'état – suspended from Community after 2009 auto-coup - suspended from Community after 2010 elections ''aljazeera.net'' 7 December 2010 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sierra Leone
Sierra Leone,)]. officially the Republic of Sierra Leone, is a country on the southwest coast of West Africa. It is bordered by Liberia to the southeast and Guinea surrounds the northern half of the nation. Covering a total area of , Sierra Leone has a tropical climate, with diverse environments ranging from savanna to rainforests. The country has a population of 7,092,113 as of the 2015 census. The capital and largest city is Freetown. The country is divided into five administrative regions, which are subdivided into Districts of Sierra Leone, 16 districts. Sierra Leone is a constitutional republic with a unicameral parliament and a directly elected executive president, president serving a five-year term with a maximum of two terms. The current president is Julius Maada Bio. Sierra Leone is a Secular state, secular nation with Constitution of Sierra Leone, the constitution providing for the separation of state and religion and freedom of conscience (which includes freedom of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West African CFA Franc
The West African CFA franc ( French: ''franc CFA'' or simply ''franc'', ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union (UEMOA; '): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion (as of 2018). The acronym CFA stands for ' ("African Financial Community"). The currency is issued by the Central Bank of West African States (BCEAO; '), located in Dakar, Senegal, for the members of the UEMOA. The franc is nominally subdivided into 100 ''centimes'' but no coins or banknotes denominated in centimes have ever been issued. The production of CFA franc notes and coins has been carried out at Chamalières by the Bank of France since its creation in 1945. The Central African CFA franc is of equal value to the West ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Bloc
A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states. Trade blocs can be stand-alone agreements between several states (such as the North American Free Trade Agreement) or part of a regional organization (such as the European Union). Depending on the level of economic integration, trade blocs can be classified as preferential trading areas, free-trade areas, customs unions, common markets, or economic and monetary unions. Use Historic trading blocs include the Hanseatic League, a Northern European economic alliance between the 12th and 17th centuries, and the German Customs Union, formed on the basis of the German Confederation and subsequently the German Empire from 1871. Surges of trade bloc formation occurred in the 1960s and 1970s, as well as in the 1990s after the collapse of Communism. By 1997, more than 50% of a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Union
An economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production ( capital and labour) and a common external trade policy. When an economic union involves unifying currency it becomes an economic and monetary union. Purposes for establishing an economic union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. Economic union is established through trade pact. List of economic unions * CARICOM Single Market and Economy * Central American Common Market - Common market since 1960, customs union since 2004. * Eurasian Economic Union - Customs union since 2010, common market since 2012. * European Union - Economic union between all EU member states, but those of them inside the Eurozone are also part of an economic and mone ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Verde
, national_anthem = () , official_languages = Portuguese , national_languages = Cape Verdean Creole , capital = Praia , coordinates = , largest_city = capital , demonym = Cape Verdean or Cabo Verdean , ethnic_groups_year = 2017 , government_type = Unitary semi-presidential republic , leader_title1 = President , leader_name1 = José Maria Neves , leader_title2 = Prime Minister , leader_name2 = Ulisses Correia e Silva , legislature = National Assembly , area_rank = 166th , area_km2 = 4033 , area_sq_mi = 1,557 , percent_water = negligible , population_census = 561,901 , population_census_rank = 172nd , population_census_year = 2021 , population_density_km2 = 123.7 , population_density_sq_mi = 325.0 , population_density_rank = 89th , GDP_PPP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omar Touray
Omar Alieu Touray (born 5 November 1965) is a Gambian diplomat. He was the Gambia's Permanent Representative to the United Nations from 2007 to 2008 and has been Secretary of State for Foreign Affairs since March 2008. Touray received his B.A. (literature and linguistics) from Ain Shams University in 1987 and graduated with a Ph.D. in international relations at the Graduate Institute of International Studies in Geneva in 1994. He was liaison officer for the World Indigenous Organization at the United Nations Office at Geneva from September 1993 to December 1994. He was then a consultant at the International Labour Office in Geneva until July 1995, at which point he briefly became Senior Assistant Secretary at the Gambian Ministry of External Affairs before becoming First Secretary of the Gambian Embassy to Belgium, and Permanent Mission to the European Union and the World Trade Organization later in 1995. In mid-1996 he was moved to the post of Counsellor and Head of Chancery at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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