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Liberia advances West Africa’s ECO currency launch by 2027, despite partial progress and ongoing fiscal challenges.
Liberia is advancing West Africa’s push for a single currency, the ECO, with its finance minister leading the ECOWAS Convergence Council and central bank governor chairing the WAMZ Committee.
The region aims to launch the ECO by July 2027, with progress marked by improved economic indicators—export growth, stable reserves, and declining inflation—but only 38% of required implementation steps completed.
Key nations including Nigeria, Ghana, and Sierra Leone are aligning policies, though fiscal imbalances and delayed reforms remain challenges.
High-level meetings in Monrovia underscored renewed commitment to monetary integration, with leaders emphasizing fiscal discipline, digital payment systems, and regional cooperation to ensure stability and shared prosperity.
Liberia adelanta el lanzamiento de la moneda ECO de África Occidental para el año 2027, a pesar del progreso parcial y los desafíos fiscales en curso.