In 1995, the Bank of Central African States (BEAC) and the Central Bank of West African States (BCEAO) decided to launch a capacity building program in macroeconomic and financial management with the backing of the African Capacity Building Foundation (ACBF). In 2000, the Foundation approved a grant of US$1.65 million for three years to both banks in order to support a Regional Debt Management Training Program (RDMTP).
The overall goal of RDMT wasto improve the macroeconomic and financial management of member countries of the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU) in order to create an environment for productive investment and economic growth conducive to the formulation and implementation of poverty reduction programs.
