The Executive Governor of the Central Bank of Liberia, Mr. Milton A. Weeks, has been elected Chairman of the Board of Governors of the West African Institute for Financial & Economic Management (WAIFEM). Mr. Weeks was elected at the 31st meeting of the Board of Governors meeting held on August 4, 2016 in Conakry, Guinea.
Governor Weeks will Chair the Board of Governors for the next two years as Liberia’s representative. He succeeds the Governor of the Bank of Ghana, Dr. Abdul-Nashiru Issahaku, and outgoing Chairman of the Board of Governors of WAIFEM.
Accepting the Chairmanship on behalf of the Governor of the CBL, the Deputy Governor for Economic Policy, Dr. Mounir Siaplay, thanked members of the Board of Governors of WAIFEM for electing Liberia as Chair of the Board. He indicated that the Central Bank of Liberia was humbled by the honor bestowed on the country and promised to do the best in ensuring that WAIFEM continues to deliver on its capacity building mandate as instructed by the Board of Governors.
Deputy Governor Siaplay thanked the outgoing Chairman, Dr. Abdul-Nashiru Issahaku of Ghana, for the able leadership provided over the last two years. He informed the meeting that Liberia was taking the Chairmanship of WAIFEM in the face of a harsh macroeconomic environment in the Institute’s member countries, occasioned by falling commodity prices. In spite of the difficult macroeconomic conditions, the Central Bank official reiterated the Board’s commitment to capacity building, as human resource development is very important to improving macroeconomic management in member countries.
Dr. Siaplay assured the Management and staff of WAIFEM of the Board’s continuous moral and financial support in bridging the existing capacity gaps in the sub-region.