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debt management
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.

1611116 1MEFMI organized a regional workshop on Domestic Debt and Financial Markets Operations and Management from 17 to 28 October 2016 at Nairobi Safari Club Hotel, Nairobi, Kenya. The main objective of the workshop was to develop practical skills needed to effectively manage domestic debt and ensure efficiency in the issuance of government securities and their trading in the secondary market. A total of 42 middle to senior officials in Ministries of Finance and Central Banks from MEFMI’s member states attended the workshop. MEFMI’s technical cooperating partners, the World Bank, the African Development Bank (AfDB), Financial Sector Deepening (FSD) Africa, and Thomson Reuters collaborated in facilitating the workshop.