MONROVIA, LIBERIA-ECOWAS and the International Monetary Fund (IMF) have signed a Memorandum of Understanding (MoU) to establish a structure and forward-looking framework for enhanced cooperation on macroeconomic governance, policy coordination, and regional integration.

The MoU was signed recently by the President of the ECOWAS Commission, Dr. Omar Alieu Touray, and the IMF Executive Director for West Africa, Dr. Wautabouna Ouattara, at the ECOWAS Headquarters in Abuja, Nigeria.

During the signing ceremony, Dr. Touray declared that the signing would enhance policy dialogue and deepen coordination on macroeconomic issues in key areas such as fiscal policy, debt management, and statistics.

The ECOWAS Commission President also noted that the MoU will reinforce efforts to strengthen regional surveillance and advance the ECOWAS Monetary Union agenda.

For his part, Dr. Ouattara mentioned that the agreement will strengthen the collective voice of ECOWAS member states within the IMF, and ensure that the priorities of West Africa are better reflected in international discussions.