Abstract
The CFA Franc Zone, with 14 member countries in West and Central Africa, is now entering a phase of restructuring. This is clearly indicated by the debates now occurring in the EC, within the French government, in international organizations such as the World Bank and IMF, and in the CFA Franc Zone countries themselves. What have the benefits and drawbacks of the CFA Franc Zone been? What form might future monetary cooperation between Europe and Africa take?
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