New ECA report on monetary and financial integration in Africa finds serious obstacles on the road to macroeconomic convergence
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa.;
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In the midst of the most serious global financial crisis in a century, a new report on monetary and financial integration in Africa will be released on 21 November by the United Nations Economic Commission for Africa (ECA) jointly with the African Union. The report finds that “African countries are experiencing enormous difficulties in achieving the desired macroeconomic convergence criteria set by Regional Economic Communities (RECs)”.