Frequently Asked Questions

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, Satellite Town, Lagos, Nigeria.

4. What is the status of WAIFEM?

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

5. Does WAIFEM train non-central bankers?

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

  • Central Banks;
  • Ministries of Finance and Budget Office;
  • Ministries of Economic Planning;
  • Debt Management Office;
  • 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. 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
Central Bank of Nigeria Learning Centre
Satellite Town
Lagos State

7. What is the application procedure for WAIFEM programmes?

Requests for nominations are sent by WAIFEM to relevant organisations who communicate their nominies 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 organisations or employers.
Online nomination form is available on this site.

8. How does WAIFEM structure its training programmes?

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

9. What is the Fellows Development Programme?

It is a programme ment to develop a critical mass of experts in priority functional areas for both external and domestic debt management with a view to building a sustainable capacity in these areas.

10. How are candidates for the fellows scheme selected?

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

11. What is the focus of WAIFEM's debt management programme?
  • The production of national capacity building plans for debt management;
  • Improving legal framework and appropriate institutional and organizational arrangements for debt management;
  • Strengthening capacity for basic sxternal debt management functions, including debt recording, disbursement procedures and debt servicing;
  • Enhancing capacity for renegotiation of external debt and for new external borrowing;
  • Increasing the capacity for domestic public debt management functions;
  • Increasing the capacity for debt sustainability analysis and the development of national debt strategies;
  • Ensuring the awareness of debt management policy issues, among senior government officials, legislators, the media and other opinion leaders.
12. What is the focus of WAIFEM's financial sector management programme?
  • Financial sector development among countries of member central banks;
  • Building capacity for capital market development in the sub-region;
  • Strengthened capacity for effective payment and settlement system;
  • Strengthened human and institutional capacity for efficient foreign exchange management;
  • Promoting constructive collaboration of public and private sectors;
  • Production of national capacity building plans for reserves management;
  • Improving legal framework and appropriate institutional and organisational arrangements for reserves management;
  • Strengthening capacity for reserves management;
  • Production of national capacity building plans for reserves management.
13. What is the focus of WAIFEM's macroeconomic management programme?
  • Building capacity for macroeconomic analysis and management;
  • Developing fiscal management and reforms;
  • 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 on good good governance issues among legislators and senior government officials, the media and other opinion leaders.