Single Currency in West Africa: The ECO on Track for 2027, Step by Step

The Lungi Conference decided on a phased launch of the ECO in 2027, starting with countries that have met the convergence criteria. In 2025, regional inflation reached 16.8%, well above the 5% threshold. Despite budget deficits exceeding 4% of GDP for most member states, progress was noted, with nine countries meeting the criteria for gross external reserves in 2024.