02230cas a2200325 a 4500 AALejournalIMF022502 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400204357 1018-5941 BD-DhAAL BD-DhAAL David, Antonio. Strengthening the WAEMU Regional Fiscal Framework / Antonio David, Alexandre Nguyen-Duong, Hoda Selim. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses the adequacy and effectiveness of the WAEMU fiscal framework along three pillars that have proven to effectively support fiscal discipline in monetary unions-common fiscal rules (including adequacy of numerical ceilings as well as elements of design and enforcement), shared public financial management systems, and coordination mechanisms for decentralized fiscal policies. We undertake a calibration of regional debt and fiscal deficit ceilings taking into account different macroeconomic tradeoffs and risks and conclude that numerical ceilings that prevailed before the suspension of the fiscal rules remain adequate and strike the right balance between growth and fiscal sustainability. The paper also proposes reform options to strengthen the WAEMU regional fiscal surveillance framework, with a view to more effectively supporting fiscal discipline. Mode of access: Internet Budget Systems imf Fiscal Policy imf National Budget imf National Deficit Surplus imf Structure, Scope and Performance of Government imf Nguyen-Duong, Alexandre. Selim, Hoda. IMF Working Papers; Working Paper ; No. 2022/049 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/049/001.2022.issue-049-en.xml IMF e-Library