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2011-2015 - Western Africa - Regional Integration Strategy Paper (RISP)

02-Nov-2011

The region’s economic performance reflects improvements in macroeconomic management. The recent hike in commodity prices (notably oil and minerals) has also benefited resource-rich West African countries and is fostering higher growth in the region as a whole. In 2010, the region’s 6.2 percent real GDP growth was the highest among all African RECs. On the social front, the region is unlikely to meet the Millennium Development Goals. This is especially true for the region’s fragile states and landlocked countries. A contributing factor to the poor social conditions in West Africa is the high level of unemployment, especially among the youth considering the fact that they constitute the majority of the population (about two-third).

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