>> FREQUENTLY ASKED QUESTIONS ABOUT WAIFEM <<

1. What does WAIFEM do?

    • Builds capacity for Debt Management, Macroeconomic and Financial Management in the countries of member central banks.

2. Who are the members of WAIFEM?

The central banks of The Gambia, Ghana, Liberia, Nigeria and Sierra Leone.

3. Where is WAIFEM located?

The Institute is located at the premises of the Central Bank of Nigeria Learning Centre, Estate II, Satellite Town, Lagos, Nigeria.

4. What is the Status of WAIFEM?

Is an international organization, accorded diplomatic status in the countries of member central banks.

5. Does WAIFEM train non-central bankers?

Yes.

The target audience of WAIFEM training programmes consists of senior, executive and middle level officials of:

    • Central Banks;

    • Ministries of Finance;

    • Ministries of Economic Planning;

    • Debt Management Offices;

    • Other Financial Institutions;

    • National Parliaments;

    • Media Houses;

    • Other public sector agencies involved in macroeconomic and financial policy formulation and implementation;

    • Relevant private sector agencies

6. What is the application procedure for WAIFEM programmes?

Requests for nominations are sent by WAIFEM to relevant organizations who communicate their nominees to the Institute by completing the nomination form. However, prospective applicants who are interested in WAIFEM training programmes have to channel their requests through their organizations or employers.

Nomination form can be downloaded from this site, completed and returned to the following email address: capacity@waifem.org or faxed to 234 1 6211909

 

7. How does one register to be a resource person of the Institute?

The Institute maintains a database of regional and non-regional resource persons from which facilitators are invited for training programmes. However, interested consultants may apply to:

The Director General

WAIFEM
Central Bank of Nigeria Learning Centre
P.M. B. 2001
Satellite Town
Lagos
Nigeria.
Tel: 234-1-6212044/5
Fax: +17865229679, 234-1-6211909

E-mail:capacity@waifem.org

8. How does WAIFEM structure its training programmes?

WAIFEM's training programmes are user driven and structured into three thematic areas: macroeconomic management, debt management and financial sector management.

9. What is the focus of the macroeconomic management programme?

    • Building capacity for macroeconomic analysis and management;

    • Developing fiscal management and reform;

    • Strengthened capacity for effective monetary policy formulation and management;

    • Improvement of capacity for effective public finance management;

    • Enhancement of capacity for macroeconomic modeling and forecasting;

    • Strengthened awareness of good governance issues among legislators and senior government officials, the media and other opinion leaders.

10. What is the focus of WAIFEM's debt management programme?

    • The production of national capacity building plans for debt management;

    • An improved legal framework and appropriate institutional and organizational arrangements for debt management;

    • Strengthened capacity for basic external debt management functions, including debt recording, disbursement procedures and debt servicing;

    • Strengthened capacity for renegotiation of external debt and for new external borrowing;

    • Strengthened capacity for domestic public debt management functions;

    • Strengthened capacity for debt sustainability analysis and the development of national debt strategies;

    • Strengthened awareness of debt management policy issues, among senior government officials, legislators, the media and other opinion leaders.

11. What is the focus of the financial sector programme?

    • Financial sector development among the countries of member central banks;

    • Building capacity for capital market development in the sub-region;

    • Strengthened capacity for effective payment and settlement systems;

    • Strengthened human and institutional capacity for efficient foreign exchange management;

    • Promote constructive collaboration of public and private sectors;

    • Production of national capacity building plans for reserves management.

    • Improved legal framework and appropriate institutional and organizational arrangements for reserves management;

    • Strengthened capacity for reserves management;

    • Production of national capacity building plans for reserves management;

12. What is the Fellows Development Programme?
It is a programme to develop a critical mass of experts in priority functional areas of both external and domestic debt management with a view to building sustainable capacity in these areas.

13. How are candidates for the fellows scheme selected?

Candidates are selected on an open competitive basis, using a set of criteria.