The Mid Year Meeting of the West African Monetary Zone has been scheduled as follows:

Synopsis of the Meeting Activities

The Meeting of the WAMZ would consider various reports which include Macroeconomic Developments and Convergence in the WAMZ, update on the Trade Development Committee, Report on West African Capital Market Integration and Insurance Sector Development as well as Report on Payments System Development in the WAMZ.

There would be Presentations and discussions on Topical Research Findings on salient Policy Issues that (may) affect WAMZ Member Countries with implications on the Convergence Process. The Meeting will further deliberate on administrative issues relating to Financials, Audit, as well as Welfare of WAMI Staff.

Other Reports to be considered

Other Reports that would be considered are on the 4th and 39th Meetings of the CSNBFIs and CSWAMZ respectively as well as report of the 23rd Meeting of LIIC on the Establishment of a Legal/Regulatory Framework for Fintech in the WAMZ.

This is to invite you to participate at the (virtual) 4th Meeting of the West African Insurance Supervisors Association scheduled as follow:

Date: July 28 - 29, 2021

Time: 09:00 AM (Gambia, Ghana, Guinea, Sierra Leone, Liberia)

           10.00AM (Nigeria) 

Meeting Details

The Meeting will deliberate on the Concept Note developed for the Establishment of College of Insurance Supervisors for the West African Monetary Zone (CISWAMZ) and consider the Report of the Presentation made on the Concept Note at the 46th Meeting of The Technical Committee of the West African Monetary Zone (WAMZ) held on Tuesday 11th, February, 2020, in Freetown, Sierra Leone.

The Meeting will further examine the Impact of African Continental Free Trade Area on (AfCFTA) on Regional Markets.

The Meeting will be held Virtually using ZOOM Application.

The Meeting will discuss Liberia request to host the Mid-Year 2021 WAMZ Statutory Meetings (In-Person), while noting the concern raised by the Chairman, Committee of Governors

The Meeting considered the Draft Framework for the Supervision of FinTech Operations in the WAMZ

Preamble

Risk Based Supervision is the fulcrum of the banking supervision process and more so in the West African Monetary Zone (WAMZ) especially due to the increasing spate of cross-border banking activities and the shared interest of the WAMZ integration. Thus, the Meeting will discuss initiatives for improving the supervisory capacity, compliance with Basel Core Principles and enhancement of cooperation and collaboration among Member States in terms of exchange of information and knowledge Sharing.

Visit (Virtual) of Students of Ghana Institute of Management and Public Administration (GIMPA) to West African Monetary Institute (WAMI)

The West African Monetary Institute (WAMI) will host (virtually) nineteen (19) students of Ghana Institute of Management and Public Administration (GIMPA).

The Students are undertaking Master Degree Programme in Public Sector Management (PSM).

The objective of the visit is for the students to familiarize themselves with the activities of WAMI.