ECO: Who Loses, Who Gains? The Costs and Benefits of the Single Currency (Expert Makalou)

Malian economist Modibo Mao Makalou analyzes the implications of adopting the ECO, a single currency for ECOWAS countries. He emphasizes that this transition could reduce transaction costs and stimulate trade, but also leads to a loss of monetary sovereignty and risks of inappropriate policies. Member countries will face challenges such as economic convergence and macroeconomic management.