Financial and Economic
Management
Empowering West Africa through Capacity Building in Economic and Financial Management.



Empowering West Africa through Capacity Building in Economic and Financial Management.
To develop on a sustainable basis, competencies in the fields of macroeconomic, debt, financial sector management and governance among the staff of central banks, ministries of finance and economic planning, as well as other public sector and private institutions



The West African Institute for Financial and Economic Management (WAIFEM) was established on July 22, 1996 by the Central Banks of the Anglophone West African Countries namely:
Since 2012, the Republic of Guinea has an observer status in membership of the Institute.
The Institute became operational in January 1997 with diplomatic status under the Headquarters Agreement with the Government of the Federal Republic of Nigeria on June 19, 1998.
WAIFEM (West African Institute for Financial and Economic Management) has the following core values:
1. Excellence: Striving for exceptional performance, quality, and continuous improvement.
2. Integrity: Upholding honesty, transparency, accountability, and ethical standards.
3. Professionalism: Demonstrating expertise, objectivity, and impartiality in all interactions.
4. Teamwork: Fostering collaboration, mutual respect, and open communication.
5. Innovation: Embracing creativity, adaptability, and innovative solutions.
6. Customer Focus: Prioritizing stakeholder needs, satisfaction, and feedback.
7. Accountability: Taking responsibility for actions, decisions, and outcomes.
8. Respect: Valuing diversity, inclusivity, and dignity for all individuals.
9. Sustainability: Promoting environmentally conscious and socially responsible practices.
10. Leadership: Developing capacity, empowering others, and leading by example.
WAIFEM’s core values guide its operations, decision-making, and interactions with stakeholders.
Source:
1. WAIFEM official website
2. WAIFEM Strategic Plan
3. WAIFEM Annual Reports