WAIFEM trains policy analysts in W/African sub-region

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By Yinka Ajayi

The West African Institute for Financial and Economic Management, WAIFEM, has trained policy analysts from the Central Banks of Nigeria, Gambia, Ghana, Liberia and Sierra Leone on new econometric software and their applications in analysis and decision making, in order to enhance economic growth.

The Director, Administration and Finance of WAIFEM, Mr. Euraklyn Williams made this known while giving a keynote address, at the programme, saying that at regulatory level, the use of econometric techniques allow for understanding and forecasting of the behaviour of economic systems.

“Econometric methods constitute integral part of decision making process. They aid policy makers in identifying optimal policies in predicting the evolution of economic systems, given changes in current policies. Economic research and analysis involve handling large data sets, which…



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