•  External reserves of equal to or more than 6 months of imports of goods and services. •  Reduction of Current Account Deficits (excluding grant) as Percent of GDP to sustainable level. •  Pursuit of Debt reduction initiatives on Public debt as percent of GDP to sustainable level.
•  Achieving and maintaining High and Sustainable rate of Growth of real GDP. -  Assessing the macroeconomic indicators of each country/sub-region against the convergence criteria. A comparative analysis would be made thereafter to the Convergence Council. -  Commissioning of a study on the establishment of an African Exchange Rate Mechanism (2010).