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MEFMI conducts a Training Workshop on Balance of Payments and International Investment Position for Angola 

  • July 4, 2019
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  • Category: Current News
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MEFMI conducted an in-country training workshop for officials from Angola, on Balance of Payments and International Investment Position statistics from 3 to 7 June 2019 in Luanda.  The training was conducted for the Ministry of Finance of Angola in partnership with collaborating institutions that included the Ministry of Economy and Planning, National Bank of Angola, National Institute of Statistics of Angola, and Ministry of Commerce.  The training was attended by 30 officials with equal female and male representation, from these institutions.

The primary objective of the training was to enhance the knowledge of the staff on the conceptual underpinnings and compilation methodology outlined in the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6), with the overarching aim of strengthening the analytical use of these statistics.

The opening session of the workshop was officiated by Mr. Thomas Souza – the Director Exchange Control Department from the Ministry of Finance of Angola, and Ms. Vivian Namugambe – Programme Manager from MEFMI, who expressed their mutual appreciation of the support and coordination from the two Institutions in the implementation of MEFMI capacity building activities in Angola and in the MEFMI region at large.

The training, which was conducted in Portuguese, was facilitated by Mr. Thiago Said Vieira from the Bank of Brazil, and Ms. Ercilia Nhampossa from the Bank of Mozambique.  As a key output, the training improved the technical and analytical capacity of staff for reporting external sector statistics.  The training also brought to the fore, emerging issues including discussion on services in the context of a digital economy, as Angola looks towards digital transformation of its economy.

Strengthening capacity in the compilation of external sector statistics is one of the key focus areas in the MEFMI Phase V (2017-2021) Strategic Plan as the Institute implements its strategic objective of contributing to the improvement of the quality of macroeconomic statistics in the region.