Source of funds: 11th EDF (CRIS Ref. 2018 / 041-514)
Decision date: 14/06/2018 (FA Signature: 25/02/2019)
Total budget: 17 MEUR (EU- 5.0 MEUR; counterpart: up to 12 MEUR)
Implementation period: 5 years 2019-2024
Implementing agency: IMF
Geographical region: Cabo Verde, Ghana, Gambia, Nigeria, Sierra Leone
Project Manager: Uzo ALUTU; uzochukwu.alutu@eeas.europa.eu
Objectives:
EU contributes to the IMF Technical Assistance centres in West Africa (AFRITAC II) Multi-Donor Trust Fund to
bring top-of-the range technical assistance on public finance management, macroeconomic and tax reforms that
will spur economic growth, jobs and trade. The following ECOWAS countries will be covered: Cabo Verde,
Ghana, Gambia, Nigeria and Sierra Leone.
Main activities:
The TA provided by AFRITAC/IMF focused on three main areas:
· Macroeconomic management (public finance management, customs and tax management, debt
management and macroeconomic policy);
· The financial system (consolidation of the banking sector regulation and micro-finance) and monetary
policy;
· Information Systems and statistics.
Main results to date:
· AFRITAC West 2’s capacity building efforts in the region are having a positive impact in member
countries;
· The Financing Agreement (FA) for the second phase of the project was signed in February 2019;
· Implementation commenced in May 2019 in order to avoid overlapping with the first phase which
ended in May 2019:
· ECOWAS has shown commitment to be more involved in the AFRITAC activities and there are efforts
ongoing to involve the regional organisations in some of the events that are organised;
· Under the 2nd phase financing, IMF has included the re