On April 20, 2000, in Accra, Ghana, the leaders of six West African countries declared their intention to proceed to monetary union among the non-CFA franc countries of the region by January 2003, as a first step toward a wider monetary union including all the ECOWAS countries in 2004. The six countries (71) themselves to reducing central bank financing of budget deficits (72) 10 percent of the previous year’s government (73) ; reducing budget deficits to 4 percent of the second phase by 2003; creating a Convergence Council to help (74) macroeconomic policies; and (75) up a common central bank. Their declaration (76) that, "Member States (77) the need (78) strong political commitment and (79) to (80) all such national policies (81) would facilitate the regional monetary integration process.
The goal of a monetary union in ECOWAS has long been an objective of the organization, going bac
A. committed
B. devoted
C. adjusted
D. attributed
On April 20,2000, in Accra, Ghana, the leaders of six West African countries declared their intention to proceed to monetary union among the non-CFA franc countries of the region by January 2003, as first step toward a wider monetary union including all the ECOWAS countries in 2004. The six countries (1) themselves to reducing central bank financing of budget deficits (2) 10 percent of the previous years government (3) ; reducing budget deficits to 4 percent of the second phase by 2003; creating a Convergence Council to help (4) macroeconomic policies; and (5) up a common central bank. Their declaration (6) that, " Member States (7) the need (8) strong political commitment and (9) to (10) all such national policies (11) would facilitate the regional monetary integration process. "
The goal of a monetary union in ECOWAS has long been an objective of the organization, going back to its fo
A. committed
B. devoted
C. adjusted
D. attributed
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