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In the MEFMI region, the non-observed economy constitutes a large proportion of economic activity but data from the sector is hardly captured comprehensively. This negatively affects the robustness of national accounts data. Furthermore, many policy institutions have no scientific mechanism for estimating GDP in the interim before actual data is released by statistical offices, which usually provide the data with a considerable time lag.

MEFMI is conducting a five day In-country training workshop on regional economic integration for government officials of Angola. The workshop which is being conducted in Portuguese, is the first of the various country-specific training workshops planned for Angola for this year.

ECAMEFMI received a grant from the African Capacity Building Foundation (ACBF) for capacity development for effective growth and sustainable development in Eastern and Southern Africa. One of the key components of the project grant is the aspect of Energy and Transport Infrastructure. In addition, under this project, the ACBF targeted Regional Economic Communities (RECs) to benefit from the financial support channelled through capacity building institutions that include MEFMI.  In this regard, as a recipient of the grant, MEFMI offered to support the East African Community (EAC) to do a study that the EAC already commissioned.

The National Bank of Rwanda (BNR) is planning to adopt a forward-looking price-based monetary policy regime.  This requires the scaling up of macroeconomic modelling and forecasting as well as economic analysis skills. In light of this requirement, the Bank requested MEFMI to conduct an In-country capacity building workshop for its officials.

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.

Click here for more details

The Macroeconomic Management Programme (MMP) conducted an In-country capacity building workshop on “Intermediate macroeconomic modelling and forecasting for officials of the Zimbabwe Ministry of Finance and Economic Development (MoFED).  This was a follow up to a workshop on “Introduction to Macroeconomic Modelling and Forecasting” that was held for the Ministry in October 2017.

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.