African Partners Directory

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West African Institute for Financial and Economic Management (WAIFEM)

est. 1996


The West African Institute for Financial and Economic Management (WAIFEM) was established in June 1996 by the Central Banks of the five Anglophone West African countries; namely The Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. The institute became operational in January 1997 and aims to become one of the leading sub-regional capacity building institutions in macroeconomics, debt and financial management. The Bank of Guinea joined WAIFEM in 2012, bringing membership to six.


The main objective of the WAIFEM is to strengthen capacity in macroeconomic and financial management through short-term customized training courses for middle/senior level staff of Central Banks, Ministries of Finance and Planning, and other public sector agencies involved in macroeconomic policy formulation and implementation. Its mandate also includes research, consultancy, networking and dissemination of best practices.

The Institute’s areas of core competence are: (i) Capacity Building; (ii) Debt management; (iii) Financial sector, management; (iv) Macroeconomic management, and (v) Research and Consultancy. Its activities include:

  • Highly intensive and hands-on regional and national courses and workshops
  • Demand assessments, advisory and follow-up missions to member countries
  • Study tours and/or national retreats
  • Provision of fellowship schemes to train debt managers to world-class levels of expertise
  • Regional workshops to disseminate best practices to legislators and practitioners in the mass media
  • Research, publication and dissemination of best practices
  • Online information services through the WAIFEM website