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MEFMI TO HOST DEPUTY PERMANENT SECRETARIES & DEPUTY GOVERNORS

  • May 24, 2018
  • Posted by: admin
  • Category: Current News
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Deputy Permanent Secretaries of the ministries of finance and Deputy Govenors of central banks in the MEFMI region will meet at an  annual Forum to be held at Cresta Lodge in Harare.  The event will be officially opened by the Governor of the Reserve Bank of Zimbabwe Dr. John Mangudya on Tuesday 29 May 2018 and will be closed by the Permanent Secretary of the Zimbabwe Ministry of Finance and Economic Development, Mr. Willard Manungo on Wednesday 30 May 2018. 

The event will be attended by 17 officials comprising Deputy Permanent Secretaries and Deputy Central Bank Governors from the MEFMI region, technical experts from Crown Agents Investment Management (CAIM) and African Development Bank (AfDB). CAIM is the financial and technical partner for the event.   The Forum is a platform for Deputy Governors and Deputy Principal or Permanent Secretaries of Finance from the MEFMI region to discuss issues pertaining to economic policy management in the MEFMI region in line with global developments. The theme for the 2018 Forum is “TRENDS IN SOVEREIGN RESERVE MANAGEMENT” and is driven by the lingering concerns of the weakening external positions that are faced by the region following the aftermath of the global economy slowdown. As at the end of 2017, for most of the countries in the MEFMI region, official reserves stood barely at or below the traditional three months of import cover benchmark.

There has also been an increasing pattern of foreign portfolio investment flows in the domestic debt markets, which are volatile in nature and susceptible to reversals. All these point to increasing external vulnerabilities and the need for the region to act swiftly to implement much needed policy adjustments to ensure macroeconomic stability and strengthening of external buffers. Click here to view the programme

…ENDS…
For further information please contact
Mrs Gladys Jadagu, Public Relations Manager, 9 Earls Road, Alexandra Park, Harare, Zimbabwe
E-mail: gladys.siwela@mefmi.org
Website: www.mefmi.org
Twitter: @mefmiorg