The Programme de Troisième Cycle Inter-universitaire (PTCI) or New Intervarsity Postgraduate Program was a program of the Conference of Educational, Economic and Management Research Institutions in Africa (CIEREA). In 1994 the ACBF Executive Board approved a grant of US$5million to PTCI. The program focused on Masters level training, in order to meet shortages of analytically competent economists in public and private administration in Francophone West Africa. The Nouveau Programme de Troisième Cycle Inter-universitaire (NPTCI) – Phase II was approved by the Executive Board of ACBF in December 2006.