Financial Programming Framework for Zimbabwe

MEFMI conducted a follow-up in-country workshop on the Financial Programming Framework (FPF) for Zimbabwe, from 5 - 9 June 2017. This was conducted at the Kadoma Hotel and Conference Center, Kadoma, Zimbabwe. Building on the successes of interventions through implementation of demand-driven, tailor-made country specific capacity building activities initiated in Phase IV (2012-2016) has been a success story which saw the development of tangible capacity tools and frameworks across MEFMI client institutions. The experience in Phase IV showed that more proactive countries have benefitted the most from these in-country activities. In Phase V (2017-2021), the Institute will continue to broaden the delivery of more country specific activities by ring-fencing resources to meet the needs of Member Countries and Institutions. Furthermore, MEFMI will make efforts to proactively address institutional capacity challenges which are known to exist in client institutions so as to achieve equitable benefits for all the countries.

PRESS RELEASE: MEFMI REGION CENTRAL BANKS GOVERNORS’ FORUM TO BE HELD AT THE BIS IN SWITZERLAND

The annual Forum for Central Banks Govenors from the MEFMI region will this year be held at the Bank for International Settlements (BIS) in Basel, Switzerland. The Forum will be held on 23 June 2017, back to back with the BIS annual meetings.

The Govenors’ Forum whose theme is Responsible Development Financing is one of the Executive Fora activities on MEFMI’s annual calendar of events. The aim of the Governors Forum is to assist policy makers in developing and sustaining a crop of more informed decision makers in the region.

INVITATION TO TENDER FOR THE SUPPLY OF CALENDARS AND EXECUTIVE NOTE BOOKS FOR 2018

Tenders are invited from registered companies to supply tent calendars and or executive note books for the year 2018, order renewable up to 2020. Please click here to view the tender details

AUDITING PUBLIC DEBT CRUCIAL IN ENSURING TRANSPARENCY & ACCOUNTABILITY IN USE OF BORROWED FUNDS

As part of efforts to enhance capacity for effective public debt management and related activities, MEFMI continues to design interventions that address the needs of its member countries. One of these areas is Public Debt Audit. Sound practice requires that governments should conduct financial, compliance and performance audits of debt management operations regularly as well as publish external audit reports. This is aimed at enhancing transparency and accountability for public debt operations. In addition, audits help in ensuring reliability and integrity of financial and operational information as well as promoting compliance with debt management objectives, governing laws and regulatory frameworks. However, most of the audit offices in the MEFMI region do not have capacity to undertake performance audits of public debt operations.

PRESS STATEMENT: DEPUTY GOVERNORS AND DEPUTY PERMANENT SECRETARIES FORUM

The Governor of Banco De Moçambique, Mr. Rogerio Lucas Zandamela will officially open the biennial forum for Deputy Governors of Central Banks and Deputy Principal Secretaries of Ministries of Finance in the MEFMI region. The event, which is being partially financed by Crown Agents Investment Management (CAIM), will be held at the Avenida Hotel in Maputo, Mocambique on Monday 8 and Tuesday 9 May 2017. Also to attend the event is the MEFMI Executive Director, Dr. Caleb M. Fundanga. Please click here for the press statement

MEFMI CONDUCTS A REGIONAL WORKSHOP ON GENDER-RESPONSIVE ECONOMIC POLICY MANAGEMENT

Gender is a socially and culturally defined set of economic and political roles, responsibilities, rights, entitlements and obligations, as well as privileges and assumptions, associated with being female and male. The current gender emphasis on women is, however, to take account of the widely held view that women and girls have been prejudiced and disadvantaged for too long, compared to their male counterparts. There is, therefore, need to take deliberate actions to correct past injustices and discrimination, in order to bring women and the girl child to equality with men. Click here for the full article.

MEFMI / EAST AFRITAC Conduct Workshop On Developing Agriculture Producer Price Index

MEFMI and EAST AFRITAC conducted a joint regional workshop on developing Agriculture Producer Price Index (APPI) from 20 to 24 February 2017 at Mount Meru Hotel, Arusha, Tanzania.  Representing the MEFMI secretariat office were Dr. Sehliselo Mpofu - Director, Macroeconomic Management Programme (MMP), Mr. Senei Molapo - Programme Manager, MMP and Ms Margaret Mutyorauta - Programme Assistant, MMP while the East AFRITAC was represented by Ms. Pamela Audi, STA Advisor and Ms. Diana Makiko, Administrative Assistant. A total of 28 participants attended the workshop of which 8 were female, representing 29 percent of the total. The workshop was facilitated by IMF Resource Persons (2), Mr. Edwin St Catherine (West Indies, St Lucia – STA Short term Expert) and Mr. Dale Smith (Farmington USA – STA Short term Expert). 

FOLLOW UP MISSION CONDUCTED FOR THE ZIMBABWE REVENUE AUTHORITY

MEFMI conducted a follow up in-country technical assistance mission to develop a revenue forecasting model for the Zimbabwe Revenue Authority (ZIMRA) from 20 to 24 February 2017. This technical assistance is expected to be conducted in three (3) phases.  The first phase was conducted from 28 November to 1 December 2016.  This mission involved structured training in revenue forecasting, taxation and the economy, data analysis and the development of mini Personal Income Tax (PIT) and Corporate Income Tax (CIT) models using the Zimbabwe data.