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ECOWAS
The Economic Community of West African States (ECOWAS; also known as CEDEAO in French and Portuguese) is a regional political and economic union of twelve countries of West Africa. Collectively, the present and former members comprise an area of and have an estimated population of over 424.34 million. Considered one of the pillar regional blocs of the continent-wide African Economic Community (AEC), the stated goal of ECOWAS is to achieve "collective self-sufficiency" for its member states by creating a single large trade bloc by building a full economic and trading union. Additionally, ECOWAS aims to raise living standards and promote economic development. The union was established on 28 May 1975, with the signing of the Treaty of Lagos, with its stated mission to promote economic integration across the region. A revised version of the treaty was agreed and signed on 24 July 1993 in Cotonou, the largest city in Benin. ECOWAS's published principles include equality and int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Africa
West Africa, also known as Western Africa, is the westernmost region of Africa. The United Nations geoscheme for Africa#Western Africa, United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, and Togo, as well as Saint Helena, Ascension and Tristan da Cunha (United Kingdom Overseas Territories, United Kingdom Overseas Territory).Paul R. Masson, Catherine Anne Pattillo, "Monetary union in West Africa (ECOWAS): is it desirable and how could it be achieved?" (Introduction). International Monetary Fund, 2001. The population of West Africa is estimated at around million people as of , and at 381,981,000 as of 2017, of which 189,672,000 were female and 192,309,000 male.United Nations Department of Economic and Social Affairs, Population Division (2017). World Population Prospects: The 2017 Revision, custom data acquired via webs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abuja
Abuja (; , ) is the capital city of the Federal Republic of Nigeria, strategically situated at the geographic midpoint of the country within the Federal Capital Territory (Nigeria), Federal Capital Territory (FCT). As the seat of the Federal Government of Nigeria, it hosts key national institutions, landmarks, and buildings spread across its over 50 districts. It replaced Lagos (the most populous city in Nigeria) as the capital on 12 December 1991. Abuja's geography is defined by Aso Rock, a monolith left by water erosion. The Nigerian Presidential Complex, Presidential Complex, Nigerian National Assembly, National Assembly, Nigerian Supreme Court, Supreme Court and much of the city extends to the south of the rock. Zuma Rock, a monolith, lies just north of the city on the Controlled-access highway, expressway to Kaduna (city), Kaduna. At the 2006 census, the city of Abuja had a population of 776,298 and 179,674 households making it one of the List of Nigerian cities by popu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Economic Community
The African Economic Community (AEC) is an organization of African Union states establishing grounds for mutual economic development among the majority of African states. The stated goals of the organization include the creation of free trade areas, customs unions, a single market, a central bank, and a common currency (see African Monetary Union) thus establishing an economic and monetary union. Goals The AEC founded through the Abuja Treaty, signed in 1991 and entered into force in 1994 is envisioned to be created in six stages: # (completed in 1999) Creation of regional blocs in regions where such do not yet exist # (completed in 2007) Strengthening of intra-REC integration and inter-REC harmonisation # (completed in 2021) Establishing of a free trade area and customs union in each regional bloc # (to be completed in 2023) Establishing of a continent-wide customs union (and thus also a free trade area) # (to be completed in 2025) Establishing of a continent-wide African ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West African CFA Franc
The West African CFA franc ( or simply , ISO 4217 code: XOF; abbreviation: F.CFA) is the currency used by eight independent states in West Africa which make up the West African Economic and Monetary Union (UEMOA): Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal and Togo. These eight countries had a combined population of 105.7 million people in 2014, and a combined GDP of US$128.6 billion The initialism CFA stands for (). The currency is issued by the Central Bank of West African States (BCEAO; ), located in Dakar, Senegal, for the members of the UEMOA. The franc is nominally subdivided into 100 but no coins or banknotes denominated in centimes have ever been issued. The production of CFA franc notes has been carried out at Chamalières by the Bank of France since its creation in 1945. The Central African CFA franc is of equal value to the West African CFA franc, and is in circulation in several central African states. They are both com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Regional Economic Communities
The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African UnionAU and are also central to the strategy for implementing the African Development Development Agency (AUDA-NEPAD). List of Regional Economic Communities recognized by the African Union Currently, there are eight RECs recognised by the AU, each established under a separate regional treaty. They are: * Arab Maghreb Union (AMU) * Common Market for Eastern and Southern AfricaCOMESA * Community of Sahel-Saharan States (CEN-SAD) * East African CommunityEAC * Economic Community of Central African States (ECCAS) * Economic Community of West African StatesECOWAS * Intergovernmental Authority on Development (IGAD) * Southern African Development CommunitySADC Background From its establishment in 1963, the Organisation of African Unity (OAU) identified the need for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty Of Lagos
The Economic Community of West African States (ECOWAS) was created by the Treaty of Lagos on May 28, 1975, in Lagos, Lagos State, Nigeria. ECOWAS was established to promote cooperation and integration in order to create an economic and monetary union for promoting economic growth and development in West Africa West Africa, also known as Western Africa, is the westernmost region of Africa. The United Nations geoscheme for Africa#Western Africa, United Nations defines Western Africa as the 16 countries of Benin, Burkina Faso, Cape Verde, The Gambia, Gha .... State parties (Signed in 1977) – suspended from Community after 2008 coup d'état – suspended from Community after 2009 auto-coup - suspended from Community after 2010 elections ''aljazeera.net' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omar Touray
Omar Alieu Touray (born 5 November 1965) is a Gambian diplomat who has served as president of the Economic Community of West African States Commission since 2022. He was the Gambia's Permanent Representative to the United Nations from 2007 to 2008 and was Secretary of State for Foreign Affairs from March 2008 to September 2009. Touray received his B.A. (literature and linguistics) from Ain Shams University in 1987 and graduated with a Ph.D. in international relations at the Graduate Institute of International Studies in Geneva in 1994. He was liaison officer for the World Indigenous Organization at the United Nations Office at Geneva from September 1993 to December 1994. He was then a consultant at the International Labour Office in Geneva until July 1995, at which point he briefly became Senior Assistant Secretary at the Gambian Ministry of External Affairs before becoming First Secretary of the Gambian Embassy to Belgium, and Permanent Mission to the European Union and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Union
An economic union is a type of trade bloc which is composed of a common market with a customs union. The participant countries have both common policies on product regulation, freedom of movement of goods, services and the factors of production ( capital and labour) as well as a common external trade policy. When an economic union involves unifying currency, it becomes an economic and monetary union. The purposes for establishing an economic union normally include increasing economic efficiency and establishing closer political and cultural ties between the member countries. Economic union is established through trade pact. List of economic unions * CARICOM Single Market and Economy * Central American Common Market - Common market since 1960, customs union since 2004. * Eurasian Economic Union - Customs union since 2010, common market since 2012. * European Union (EU) - Economic union of 27 European states, but only 20 are inside the Eurozone are also part of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cotonou
Cotonou (; ) is the largest city in Benin. Its official population count was 679,012 inhabitants in 2012; however, over two million people live in the larger urban area. The urban area continues to expand, notably toward the west. The city lies in the southeast of the country, between the Atlantic Ocean and Lake Nokoué. Cotonou is the seat of government in Benin, although Porto-Novo is the official capital. History The name "Cotonou" means "by the river of death" in the Fon language.Butler, Stuart (2019) ''Bradt Travel Guide - Benin'', pgs. 74-91 At the beginning of the 19th century, Cotonou (then spelled "Kutonou") was a small fishing village, and is thought to have been formally founded by King Ghezo of Dahomey in 1830. It grew as a centre for the History of slavery, slave trade, and later palm oil and cotton. In 1851 the French Second Republic made a treaty with King Ghezo that allowed them to establish a trading post at Cotonou. During the reign of King Glele (1858–89), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Union
A political union is a type of political entity which is composed of, or created from, smaller politics or the process which achieves this. These smaller polities are usually called federated states and federal territories in a federal government; they are called prefectures, regions, or provinces in the case of a centralised government. This form of government may be created through voluntary and mutual cession and is described as ''unionism'' by its constituent members and proponents. In other cases, it may arise from political unification, characterised by coercion and conquest. The unification of separate states which, in the past, had together constituted a single entity is known as ''reunification''. Unlike a personal union or real union, the individual constituent entities may have devolution of powers but are subordinate to a central government or coordinated in some sort of organization. In a federalised system, the constituent entities usually have inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treaty
A treaty is a formal, legally binding written agreement between sovereign states and/or international organizations that is governed by international law. A treaty may also be known as an international agreement, protocol, covenant, convention, pact, or exchange of letters, among other terms; however, only documents that are legally binding on the parties are considered treaties under international law. Treaties may be bilateral (between two countries) or multilateral (involving more than two countries). Treaties are among the earliest manifestations of international relations; the first known example is a border agreement between the Sumer, Sumerian city-states of Lagash and Umma around 3100 BC. International agreements were used in some form by most major civilizations and became increasingly common and more sophisticated during the Early modern period, early modern era. The early 19th century saw developments in diplomacy, foreign policy, and international law reflected by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Development
In economics, economic development (or economic and social development) is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. "Modernization", "Westernization", and especially "industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a Public policy, policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Definition and terminolo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
