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Consolidated Research Paperreviewed 31 Jan 2018



MacroCourseImageWe are pleased to announce an upcoming MEFMI E-Learning Course: Introduction to Monetary Policy Formulation and Analysis

Monetary policy formulation and analysis is important in economic management, stabilization and the adjustment process in developing countries, where low inflation and international competitiveness have become major policy targets. Therefore, the complexity and the uniqueness of the MEFMI economies provides a challenge to develop monetary policies that are not only relevant, but are forward looking and responsive to the needs of the population.

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swaziland convention centre

A national budget is one of government's central instruments of economic management, reflecting the values and strategies of a country. Successful development depends largely on the efficiency, integrity and effectiveness with which the state raises, manages and expends public resources.

The national budget has three main functions, which can be summarised as allocation of public goods and services (which is where public expenditure traditional gender-responsive budgeting focuses), the distribution of income and wealth and the promotion of economic growth and stability.  Limited resources at the state level make it imperative that innovative approaches to the allocation of existing resources be employed.

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 has been providing technical assistance to develop a financial program for the Reserve Bank of Zimbabwe (RBZ) from 2015, and significant progress has been achieved. In the project, MEFMI works very closely with the USAID-Strategic Economic Research and Analysis (SERA) on funding, technical assistance, coordination and reporting.

The Financial Programming Group (FPG) comprises officials from RBZ, Ministry of Finance and Economic Development and ZIMSTAT. In view of the cross cutting nature of the assignment, the final output will benefit the whole country. The officials involved have also greatly enhanced their skills in financial programming.

budgetAttached are budget announcements for some MEFMI member states. Please click the country name to view; BotswanaKenya , Lesotho,MalawiNamibiaSwaziland,
RwandaTanzaniaUgandaZambia, and Zimbabwe

The East African Community (EAC) is concluding a one-week compilation workshop on Harmonising Balance of Payments Statistics for its Member States, in Dar-es-Salaam, Tanzania. The workshop that started on 8 February 2016, is funded by the United Kingdom Department for International Development (DFID) under the Enhanced Data Dissemination Initiative (EDDI) 2 project, and is being implemented by the International Monetary Fund (IMF). The experts facilitating in this workshop include Ms. Cornelia Hammer and Ms. Rut Trisilowati from the IMF Statistics Department, and Mr. Kenneth Egesa, regional expert for External Sector Statistics from the Bank of Uganda. It is coordinated by Mr. Samuel Njuru, who is a Statistician at EAC.