Luxembourg's development cooperation - Annual report 2016

In 2016, the Ministry of Foreign and European Affairs (MFEA) renewed the funding agreement (2016-2018) with the House of Training (previously ATTF) with a view to providing, among other things, technical assistance to the Central Bank of West African States (BCEAO) for training in the field of banking and finance.

The training (e.g. in banking risk management, auditing and internal controls) responds to the specific needs expressed by public and private organisations of the BCEAO and which are not already covered by the member states of the West African Economic and Monetary Union (UEMOA), responds to the specific needs expressed by the BCEAO that are not covered by their internal training body, the West African Centre for Banking Training and Research (COFEB). Mainly delivered in Dakar and to a lesser extent in the countries of the sub-region, nine training cycles were delivered in 2016. Since the end of the year, at the BCEAO’s request the House of Training has also extended its support to assisting with the development of a training programme facilitating the introduction of the new system to support the financing of small and medium-sized enterprises and industries; this system is due to be introduced in the UEMOA’s member states.