A training workshop to boost the financial and economic literacy of mid to upper level media practitioners in the banking and finance sector as well as staff of the Legislative Budget Office (LBO) kicks off today, Monday, March 20, 2017, at the Central Bank of Liberia (CBL).
The exercise, which is part of CBL’s financial inclusion outreach program, will be conducted by the West African Institute for Financial and Economic Management (WAIFEM) in collaboration with the Central Bank of Liberia.
WAIFEM, based in Lagos, Nigeria was established by five West African central banks including, the Central Banks of Liberia, Nigeria, Ghana, the Gambia and Sierra Leone, to help enhance the capacity building process of professionals from member countries.
The 5-day workshop will offer a rare opportunity for focused capacity building for staff involved in reporting and analyzing developments in the economy and the financial sector in particular.
The workshop will also provide insight on the importance of economic and financial information in planning and formulation of policies.
The workshop is expected to increase the “economic quotient” of attendees towards promoting a greater public awareness of domestic and international economic and financial issues in the interest of a more enlightened public that will engender greater popular participation in national, economic and financial agenda.
It can be recalled that in his meeting with media practitioners last year, the Executive Governor of the CBL, Milton A. Weeks, who is also the current Chairman of the Board of Governors of WAIFEM, committed to assisting in the provision of training on economic and financial sector reporting.
The CBL subsequently decided to expand the workshop to include staff of the Legislative Budget Office (LBO) to afford them the opportunity to benefit from such training which is expected to assist the LBO in providing quality information to Legislators on economic and financial developments.
The workshop is expected to provide participants with a practical overview and insight into economic and financial markets.
It will update the knowledge and upgrade the skills of financial analysts in economic and financial policies with a strong emphasis on economic and financial analyses and performance monitoring.