| Organisation |
WAEMU - Council of Ministers |
| Alternate Name |
Conseil des Ministres de l'UEMOA |
| Abbreviation |
CM-UEMOA |
| Parent |
WAEMU - Conference of the Heads of State & Government |
| u.r.l. |
http://www.uemoa.int |
| email |
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| Country |
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| Location |
West Africa |
| Address |
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| Postal Address |
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| Telephone |
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| Management u.r.l. |
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| Fax |
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| Sector |
Regional Economic Organisations |
| Organisation Type |
African Multilateral |
| Status |
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| Stated Role |
The Council of Ministers ensures the management of the Union. Each member State is represented in the Council by two Ministers, but only the Minister of Finance is entitled to vote.<P>The Council of Ministers unanimously adopts decisions regarding matters that arise within its sphere of competency in accordance with the provisions of the WAEMU treaty and the BCEAO statutes, as well as with those that the governments of the member states choose to submit for its examination or approval. These decisions must respect the international agreements signed by the Union's member states.<P>The Council of Ministers defines the Union's monetary and credit policy to protect the value of the common currency and finance economic activity and development in member states. More particularly, it approves agreements between the Common Currency Issuing Institute and foreign issuing institutes in order to facilitate external regulations for member states.<P>The Council of Ministers meets on a quarterly basis in ordinary session and as often necessary in extraordinary session. |
| Activities |
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| Geographical Focus |
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| Notes |
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