AFRITAC West convenes for IMF steering team session

Nine participating nations and various financial institutions dispatched representatives to the meeting.
Nine participating nations and various financial institutions dispatched representatives to the meeting. | Contributed photo

A West Africa branch of the International Monetary Fund (IMF) known as AFRITAC West met recently in Ivory Coast for its 26th steering committee session to review recent and impending fiscal activity.

Nine participating nations and various financial institutions dispatched representatives to the meeting in the Ivory Coast’s Abidjan, including the Central Bank of West African States and delegates from developments across the European Union, France, Canada, Switzerland and Germany along with IMF staffers.

Advisers to Ivory Coast and Burkina Faso leaders praised AFRITAC West — the Regional Technical Assistance Center for West Africa — for its efficiency in strengthening the alliance among international factions with various reforms.

Noting that the last fiscal year showed positive results, the committee proceeded to review and endorse its planned course of action for the next five years. The steering committee also arranged for its next meeting to take place in Ouagadougou, Burkina Faso in March 2017.

AFRITAC West is one of the IMF’s five regional assistance groups serving sub-Saharan Africa. Founded in 2003 by stakeholders in search of better economic policy to support African commerce and reduce poverty, it has flourished as a collaborative effort between the IMF and donors providing technical support and training in macroeconomic and financial management areas throughout Ghana, Nigeria, Sierra Leone, Liberia, Gambia and Cabo Verde.

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