• Tax-to-GDP ratio stuck at 14% despite two decades of reform
• Lagging mobilisation risks investor confidence, fiscal resilience
West Africa’s monetary union is unlikely to meet its longstanding revenue mobilisation target before 2048, the International Monetary Fund has warned, citing persistently weak tax collection across member states. Despite more than 20 years of reform efforts, the average tax-to-GDP ratio across the West African Economic and Monetary Union (WAEMU) remains anchored at 14%—well below the 20% threshold once set under the region’s now-suspended Convergence Pact.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
