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West African Institute for Financial and Economic Management (WAIFEM)

  • Project Name:
    West African Institute for Financial and Economic Management (WAIFEM)
    Institution :
    West African Institute for Financial and Economic Management (WAIFEMI)
    • Core Competence:
      Financial Management and Accountability
    Project Region :
    West & Central Africa
    Country :
    Nigeria
    Status :
    Active
    Phase :
    1
    Grant Number :
    42
    Grant Amount (USD):
    2 500 000
    Commitment Date:
    2000
    Closing Date:
    2005
    Phase :
    2
    Grant Number:
    173
    Grant Amount (USD):
    2 300 000
    Commitment Date:
    2006
    Closing Date:
    2011
    Phase:
    3
    Grant Number:
    257
    Grant Amount (USD):
    3 000 000
    Commitment Date:
    2011
    Closing Date:
    2015
    Introduction:

    The West African Institute for Financial and Economic Management (WAIFEM) is a collaborative sub-regional capacity building organization established in July 1996 by the central banks of five Anglophone West African countries.  The mission of the Institute is to develop, on a sustainable regional basis, human and institutional expertise in the field of macroeconomic, fiscal, debt and financial management for central banks, ministries of finance and economic planning, and other public sector institutions with macroeconomic management responsibilities. 

    Project Description:

    The overall objective of WAIFEM is to strengthen capacity for debt, financial and economic management in the relevant institutions in Anglophone West African countries, with particular attention to Liberia and Sierra Leone as post conflict countries.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.
H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.
H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.
Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.
Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.
Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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