The Government of Liberia (GOL) and it’s development partners have ended the African Technical Assistance Center (AFRITAC West 2) 7th Steering Committee meetings at the Mamba Point Hotel in Monrovia.
Partners at the meeting included the European Union (EU), African Development Bank (ADB), Investment Bank, Switzerland, Canada, Australia and China.
AFRITAC West 2 which was established in March 2014 originated from the International Monetary Fund (IMF) in response to the call of African leaders for the international community to increase technical assistance to the African region.
Addressing a cross section of participants from member states Tuesday, 19 March at the Mamba Point Hotel, Central Bank of Liberia (CBL) Executive Governor Nathaniel Patray says over the past five years, AFRITAC West 2 has supported member countries to design and implement capacity to develop programs that are crucial for micro-economic stability and growth.
According to Governor Patray, West 2 works across various sectors that led to the achievement of several key milestones across member countries.
He cites capacity building, revenue administration to ensure efficient auditing of specialize sectors, as some of the achievements.
The CBL Governor narrates that Liberia is an intensive user of International Monetary Fund (IMF) capacity development and the largest recipient of such assistance in 2018.
The African Regional Technical Assistance Center is a collaborative effort between the IMF and several bilateral and multilateral partners aimed at providing Technical Assistance in core macroeconomic and financial management areas and training to its member countries that promote growth.-
By Lewis S. Teh -Edited by Winston W. Parley