A five-day workshop intended to equip media practitioners particularly and to enhance the competence of the staff of the budget office of the National Legislature on the theory and practice of economic and financial analyses has ended in Monrovia.
The workshop, which brought together 25 participants, was organized by the Central Bank of Liberia (CBL) and facilitated by the West African Institute for Financial and Economic Management (WAIFEM).
The participants were taken through the basic macroeconomic model and interrelationships among macroeconomic sectors by Prof. Akpan H. Ekpo, director general of WAIFEM; Prof. Geegbae A. Geegbae, Dean of the College of Business and Public Administration at the University of Liberia also taught design and tools of monetary and fiscal policy, coordination of monetary and fiscal policy, fiscal policy management, hands-on analysis and reporting on a budget; while Prof. Douglason G. Omotor expounded on elements of the Medium Term Fiscal Framework (MTFF), Medium Term Sector Strategy (MTSS), and The Role of Statistics in Economic Management, Interpretation of Financial and Economic Indicators.
Speaking at the closing ceremony on Friday, March 24, Mr. Kasa James, special assistant to Central Bank Governor Milton A. Weeks, expressed profound thanks and appreciation to WAIFEM for successfully facilitating the workshop on behalf of the CBL.
He said the workshop was in line with the CBL’s financial literacy program under its financial inclusive strategy.
“As we close this program it is our sincere belief that the objective of the workshop has been achieved as expressed by the participants and they are now empowered to provide factual, analytical and acceptable information to the public and the principles of practical overview and insight into the economic and financial landscape of Liberia,” he said.
Earlier Prof. Omotor expressed confidence that the participants would maximize the knowledge acquired from the exercise.
He said since WAIFEM commenced capacity building activities in 1997, the institution has organized over 584 capacity building programs that have benefited over 15,866 for middle, senior and executive level officials of key economic management agencies responsible for economic policy formulation and implementation in West Africa and beyond.
He also called on participants to seek further training in any of their courses that will help them further improve on the subject matters.
Meanwhile, the participants expressed gratitude to WAIFEM and its partners especially the CBL for organizing the workshop that has broadened their knowledge on economic issues.
“We assure WAIFEM and CBL as the knowledge gained wouldn’t be wasted as the country or region will take another trend as critical questions will be ask on the economy which will gear towards improving the economic status in the region and continent as a whole,” a representative of the participants said.