Summary: Parallel to the Franc CFA devaluation in January 1994, the West African Economic and Monetary Union (WAEMU/UEMOA) was formed. It succeeded the monetary union within the Franc zone (NAMU/UMOA) and the economic community WAEC/CEAO. The WAEMU avoided some of the institutional errors and...

Why do foreign aid budgets vary across countries and over time? Existing research indicates that the same set of factors shapes commitments toward both domestic and international redistribution. While scholars have acknowledged international normative influences on aid allocations, research on...