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regional intergration

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The World Bank has set aside US$40 million for the Zimbabwe Reconstruction Fund (ZIMREF) aimed at upgrading infrastructural and technical oriented projects.

The programme which is already being rolled out has seen the global banking institution availing US$10 million to Zimbabwe.

By Tawanda Musarurwa

News Update as @ 1530 hours, Thursday 09 November 2017

HARARE – Economic policy formulation should be guided by research if economies in the region are going to experience inclusive growth, World Bank country manager for Zimbabwe Rosemary Mukami Kariuki has said.

Download the full article here.

MEFMI will be holding its Annual Research and Policy Seminar at Rainbow Towers Hotel in Harare Zimbabwe on Thursday 9 November 2017.

 

Payment systems oversight and regulation in the MEFMI region is constantly changing due to dynamics in the financial markets, economic reforms, and complex demands by the market on the use of various payment system products.  Central banks face innumerable challenges in supervising their payment systems to ensure safety and efficiency in the financial system.


Venue: Online
Dates: 16 October – 17 November 2017
Duration: 5 weeks
Background
This 5 (five) week course is designed to enhance the knowledge and analytical capacity of
policy-makers, academics and researchers in the area of regional integration, with a
comparative focus on Eastern and Southern Africa. This is in light of the challenges still
faced in the region related to implementation of the integration agenda such as issues of over-
lapping memberships, capacity and financing constraints.

Read more (PDF)

Press Release 2017 Combined Forum

EVENT: MEFMI COMBINED FORUM FOR MINISTERS OF FINANCE AND OF PLANNING, SECRETARIES TO TREASURY / PERMANENT SECRETARIES OF FINANCE AND OF PLANNING AND CENTRAL BANK GOVERNORS
VENUE: Hamilton Hotel, 1101 14th St, NW, Washington, D.C. 2005, USA
DATE: 9 OCTOBER 2017

MEFMI is holding the annual Combined Forum in Washinton D.C. on Monday 9 October 2017. The event which will be attended Ministers of Finance and of Planning, Secretaries to Treasury / Permanent Secretaries of Finance and of Planning as well as Central Bank Governors from MEFMI member countries (Angola, Botswana, Burundi, Kenya, Lesotho, Malawi, Mozambique, Namibia, Rwanda, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe) will be held at the Hamilton Hotel.

mefmi elearningAs part of ongoing efforts to assist member countries prepare public sector debt statistics in line with international standards and address the demand for reliable debt data for policy, economic analysis, credit assessment and regional integration processes, the Institute of Capacity Development (ICD) of the International Monetary Fund (IMF) organised a training on Public Sector Debt Statistics (PSDS) from 21 August to 1 September 2017 in Washington DC, USA.

Stanislas Nkhata Mr Stanislas Nkhata is the new Director of the MEFMI Debt Management Programme.  Mr. Nkhata joined MEFMI in 2012 as Programme Manager and was appointed Director in September 2017. He has replaced Mr Raphael Otieno who returned to the Central Bank of Kenya after the end of his tour of duty at the MEFMI Secretariat. Mr Nkhata holds a Master of Arts Degree in Economics and a Bachelor of Social Sciences Degree (majoring in Economics) from the University of Malawi. He has vast experience in economic and public debt management, spanning over 15 years.




  FSMP Workshop August 2017

In the recent years, there has been a strong momentum towards regional economic and financial integration as seen by the developments in the Regional Economic Communities (RECs) on the African continent. This has been followed by the development and implementation of links and interconnections in payments and market infrastructures. Sound and efficient payment systems significantly contribute to the efficiency of financial systems and enhance financial stability. Consequently, well-developed regional payment systems promote cross-border trade and economic and monetary integration by reducing transaction periods and cost; and supporting safety in transaction processing.

Against this backdrop, MEFMI’s Financial Sector Management Programme (FSMP) conducted an East African Community (EAC) sub-regional workshop on cross-border payment systems from the 31 July – 4 August 2017 in Kigali, Rwanda. The workshop, the first of its kind, targeted staff from the EAC Central Banks and Ministries of Finance, involved in the operation, oversight, supervision and legal advisory of cross- border payment systems in the four MEFMI member states – Kenya, Tanzania, Uganda and Rwanda.

 

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