Union Economique et Monétaire Ouest Africaine is an economic, integrating and cooperation organization that was created on January14, 1994.The organization has eight member states, which share a common monetary currency several decades ago, decided to join forces. The union has five majors’ goals such us:

• Reinforce the economic and financials competitiveness of the member states
• Assure the convergence of the performances and economic policies of the member states
• Create a common market between member states by having a common external tariff (CET) , a common trade policy, and free movement of persons, goods, capitals, and the right of establishment in member states
• Coordinate national sectors policies
• Harmonize member states legislations

The realizations of WAEMU Consolidation the macroeconomic framework: This involves strengthening the multilateral surveillance that is a process to control public finance imbalances and promote convergence within the member states. Since 2000, the multilateral surveillance is referred to a Pact called < Pact of Convergence, Stability, Growth, and Solidarity> signed by heads of states on December 1999.

The creation of a common market: The WAEMU Custom Union became effective since January 1st 2000. It is characterized by trade liberalization intra-community, the implementation of a common external tariff (CET) vis-à-vis third-party countries.

Implementation of Sectors Policies: one of the major’s goals of WAEMU is to develop the territory by putting into place efficient and feasible policies in sectors such as: Infrastructure, transport, telecommunication, industry, mines, art and energy, rural development (agriculture, breeding, fishing, and environment), and the development human resources (health, higher education, formation)