The year 2022 was remarkable for the Bank. Indeed, after two years marked by the Covid-19 pandemic, the world has been facing, since February 24, 2022, the outbreak of war in Ukraine and its consequences on economic activity.
The dynamism of the global economy was thus disrupted, recording a growth rate of 3.4% in 2022, down from 5.9% in 2021. Conversely, it experienced an inflationary surge, with the general price level reaching 8.8%, its highest in the past decade.
In the WAEMU region, despite this challenging international context, economies demonstrated resilience with a growth rate of 5.8%, slightly lower than in 2021. In line with global inflationary pressures, inflation in the Union reached a record high of 7.5%, compared to 3.6% in 2021.
To support the Union’s economies, the Bank has continued and intensified its investments by providing financing totaling 547.5 billion FCFA. The funded projects are expected to create approximately 108,630 jobs in key areas aligned with the priorities of member states, such as food security and agro-industry, the improvement of transport infrastructure and digitalization, the supply of electricity from renewable resources (notably solar), the provision of basic social services (education, health, drinking water, etc.), and support for the agricultural sector (cocoa, peanuts, etc.).
