ECOWAS meeting
Meanwhile, this weekend’s ECOWAS heads of state meeting are considering issues relating to insecurity, good governance, trade policies and political stability in the sub-region are up for discussion. The issue of a single currency is also on the agenda. Last year the regional bloc said it was not sure about its 2020 deadline for the introduction of a common single currency. The three primary criteria that are being used are a budget deficit of not more than 3%; average annual inflation of less than 10% with a long-term goal of not more than 5% by 2019. The three secondary convergence criteria that have been adopted by ECOWAS are public debt or Gross Domestic Product of not more than 70%.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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