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Regional Debt Management Training Program in Central and West Africa

  • Project Name:
    Regional Debt Management Training Program in Central and West Africa
    Institution :
    La Banque Centrale des Etats de l’Afrique de l’Ouest (BCEAO), La Banque des Etats de l’Afrique Centrale (BEAC)
    • Core Competence:
      Financial Management and Accountability
    Project Region :
    West & Central Africa
    Country :
    Cameroon
    Status :
    Closed
    Phase :
    I
    Grant Number :
    43
    Grant Amount (USD):
    1 650 000
    Commitment Date:
    2000
    Closing Date:
    2004
    Phase :
    II
    Grant Number:
    159
    Grant Amount (USD):
    1 500 000
    Commitment Date:
    2005
    Closing Date:
    2010
    Introduction:

    In 1995, the Bank of Central African States (BEAC) and the Central Bank of West African States (BCEAO) launched a capacity building program in macroeconomic and financial management with the backing of the African Capacity Building Foundation (ACBF).  In 2000, the Foundation approved a grant of US$1.65 million for three years to both banks in order to support a Regional Debt Management Training Program (RDMTP).  In May 2004, the Executive Board approved a grant of US$ 1.5 million towards Phase II.

    Project Description:

    The overall goal of Regional Debt Management Training Program was to improve the macroeconomic and financial management of member countries of the Central African Economic and Monetary Community (CEMAC) and the West African Economic and Monetary Union (WAEMU). This was aimed at creating an environment for productive investment and economic growth conducive to the formulation and implementation of poverty reduction programs.

Thomas Kwesi Quartey

ACBF has been granted the status of a specialized agency because of the potential to transform Africa through capacity development.
H.E. Thomas Kwesi Quartey, Deputy Chairperson, AU Commission
Erastus Mwencha

The recognition of ACBF as the African Union’s Specialized Agency for Capacity Development launches the beginning of a new era for capacity building by ACBF, which will require an appropriate level of political commitment and financial support from all stakeholders.
H.E. Erastus Mwencha, Chair, ACBF Executive Board
Lamin Momodou

The remarkable achievements ACBF has registered over the past 26 years is not by accident in our opinion. They have come through hard work, dedication, commitment, purposeful leadership, support from the member countries as well as productive partnership building.
Mr. Lamin Momodou MANNEH, Director, UNDP Regional Service Centre for Africa
Goodall Gondwe

Africa needs ACBF as much, probably more now, than at the time it was created in 1991.
Hon. Goodall Gondwe, former Chair of the ACBF Board of Governors and Minister of Finance – Malawi
Ken Ofori Atta

Ghana’s partnership with ACBF is a tremendous blessing for us and therefore the opportunity for Ghana to host the 26th ACBF Board of Governors Meeting is something that we treasure.
Hon Ken Ofori Atta, Chair of the ACBF Board of Governors and Minister of Finance - Ghana
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