To make FAGACE a benchmark institution in terms of governance: it is within this framework that the 2nd ordinary session of the FAGACE Independent Evaluation Office took place on April 04, 2023 at the Fund’s headquarters in Cotonou.
The FAGACE Independent Evaluation Office is made up of the Central Banks of the Fund’s 4 monetary zones: the Central Bank of West African States (BCEAO), the Central Bank of Mauritania (BCM), the Bank of Central African States (BEAC) and the National Bank of Rwanda (BNR). This is part of the in-depth reforms undertaken by the Fund over the last few years.
The IEO was set up in 2022 by the Board of Governors, the Fund’s supreme governing body, with the mission of assessing the institution’s governance bodies and their dismemberments, in order to bring them into line with the best standards in the field.
The IEO’s mandate extends to all the Fund’s activities (including headquarters, representations, information and liaison offices), as well as to all its bodies and staff.
The IEO thus complements the Fund’s other monitoring, review, evaluation and control tools, and thus enhances the Institution’s ability to meet the highest standards of governance.
