Sub-Saharan Africa: the « blues» of regional Unions (part 1)

For a long time, these groupings, despite their different characteristics and approaches, have even appeared, on the continent and in the view of major donors, as a stimulus and an essential way for the implementation in their member countries of the reforms and changes, often difficult, for economic and social development. The steady deepening of economic ties between Kenya, Uganda, and Tanzania has fostered growth among the founding  members of the East Africa Community (EAC). The launch in 1989 of the Banking Supervision of the West African Monetary Union (WAMU), by modifying and enhancing the control of all commercial banks in this area, played an important role in the construction of a healthy and efficient banking system. Since the end of the 2010s, however, various issues have disrupted these positive trends in many places. The following four examples show the convergence of these difficulties. ../..

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