BoE to expand scheme that sends economists to emerging markets
UK government partners with BoE to provide economic expertise to emerging markets
The Bank of England is planning to expand a programme that sends specialists to developing countries to help with reforms to their financial sectors.
The BoE began the scheme in April 2018 when it partnered with central banks in South Africa, Ghana and Sierra Leone. The initiative is funded by the UK government’s ‘Prosperity Fund’, a cross-government fund that aims to promote growth in developing countries.
The BoE will receive an additional £6.1 million ($7.9 million) to scale up the
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