The West African Economic and Monetary Union (WAEMU) is a regional organization established in 1994 to promote economic integration among its member states. It consists of eight countries: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo. WAEMU aims to create a common market and enhance economic cooperation, facilitating trade and investment within the region. WAEMU also manages a shared currency, the West African CFA franc, which helps stabilize the economies of its member countries. The union focuses on harmonizing economic policies, improving infrastructure, and fostering sustainable development to boost the overall economic growth of the region.