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DSC 1012Public debt and public sector borrowing have implications not only on the current economic situation but also the future economic developments. Current borrowing may imply future additional taxes to repay the borrowed funds. It may also imply future increased borrowing to finance both repayment and interest payments, which could lead to an unsustainable debt burden and thus macroeconomic instability. There is also a reverse relationship whereby changes in key macroeconomic variables such as exchange rate, interest rate, and global and domestic prices of goods and services could adversely impact on debt management through high cost and risks. This calls for appropriate coordination of macroeconomic policies, particularly fiscal and monetary policies with debt management.

Delegates to the workshop are middle to senior level professionals who are responsible for the regulation of pensions, insurance and securities in MEFMI member countries as well as officials from Ministries of Finance and/or Economic Planning responsible for policy development for the regulation of this sector.

IMG 9797The MEFMI Fellows Facilitation and Consultancy Skills workshop commenced on Monday 2 May 2016 at the Royal Swazi Spa Resort and Convention Center in Esulwini, Swaziland. The workshop will end on Tuesday 10 May 2016.


The workshop which is being attended by 15 Candidate Fellows and the MEFMI Human Resources Manager and Public Relations Manager was officially opened by Mr. Bertram Stewart, the Principal Secretary in the Swaziland Ministry of Economic Planning And Development. Also at the official opening was the MEFMI Executive Director, Dr Caleb Fundanga. Dr Fundanga gave the opening remarks.

1. Fellows Facilitation and Consulting Skills Workshop
 MEFMI will be hosting the Fellows Facilitation and Consulting skills Workshop in Swaziland from 2 to 10 May 2016. The workshop will be held at the Royal Swazi Convention Centre in Manzini.
The objective of the workshop is to impart Candidate Fellows with the requisite skills and knowledge to effectively conduct and manage consultancies, facilitate and make presentations during MEFMI courses.  The workshop will also provide a platform for the Candidate Fellows to share experiences and lessons obtained during the Programme.
The course will also be attended by some MEFMI Programme Managers as part of their staff development programme.


The Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) invites interested experts to submit proposals on policy-oriented discussion papers on diverse topics around the Institute’s key priority areas of Macroeconomic Management, Financial Sector Management and Sovereign Debt Management for the Annual Research and Policy Seminar scheduled for 20th October 2016 in Harare, Zimbabwe.

Since 2014, MEFMI has been advisor to the Government of Namibia, which has been working towards the establishment of a revenue agency. Namibia is the only MEFMI member state which is yet to establish an independent revenue authority.

In 2013 the Government of Namibia took steps to establish the Namibian Revenue Agency (NAMRA) to improve operational efficiency and provide a platform through which continued tax administration can be facilitated and accelerated.In March 2016MEFMI was invited to Namibia to provide technical assistance toreview the draft Namibia Revenue Agency (NAMRA) billand operational readiness.

MEFMI, in collaboration with the International Monetary Fund (IMF), is conducting a 5-day regional workshop on compilation of Balance of Payments Statistics in Manzini, Swaziland. The course, which started on 28th March 2016, is being attended by 32 participants (of who 13 are female) from Angola, Botswana, Burundi, Kenya, Lesotho, Malawi, Mozambique, Namibia, Swaziland, Uganda, Zambia and Zimbabwe. The course was officially opened by Honourable Majozi Sithole, Governor Central Bank of Swaziland.





TIME:   09:00 HOURS  


MEFMI has been undertaking a study on risk based supervision for banks.  The study which commenced in July, 2015 has culminated into a draft guideline which will be discussed by regional experts from bank supervisory bodies of MEFMI member countries, representatives of regional and international commercial banks and industry experts at a seminar which will be held at the Rainbow Towers Hotel in Harare, Zimbabwe on Wednesday 30 March 2016.  The seminar will be officially opened by the MEFMI Executive Director, Dr Caleb Fundanga.

MEFMI will be at the Ministry of Finance of Namibia from 14 to18 March 2016 to provide Technical Assistance (TA) in preparation for the establishment of an independent Revenue Agency for the country.