WAIFEM was established in July 1996 by the central banks of The Gambia, Ghana, Liberia, Nigeria and Sierra Leone, with the mandate to build sustainable capacity for improved macroeconomic and financial sector management in the member countries’ central banks.
The institute commenced its training activities in April 1997, and had since organised thousands of capacity building programmes through national and regional courses or workshops, especially for public and private sector officials of member-states.
These include middle/senior/executive level officials of central banks and other financial institutions, finance and economic ministries, legislators, journalists and other public sector workers predominantly from WAIFEM constituent countries, and a sizeable number from other sub-regions in Africa and Latin America.
WAIFEM has also built collaboration arrangements with a number of reputable institutions to ensure high standards in its programmes.
These include the International Monetary Fund (IMF), the World Bank, African Development Bank (ADB), the United Nations Institute for Training and Research (UNITAR)and the Commonwealth Secretariat, among others.
