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MEFMI Region Urged to Create Enabling Investment Environment
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The 7th MEFMI Forum for Deputy Governors and Deputy Permanent/Principal Secretaries for Finance/Economic Planning took place during the period 25 to 26 November 2013, in Lusaka, Zambia. This Forum is held biennially and this was the first such event to be held in Phase IV.  MEFMI activities are planned in phases, with each phase running for a period of five years.
MEFMI / South Afritac Developing Capacity Building Synergies in Macro-Fiscal
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Medium Term-Budget Framework (MTBF) is increasingly becoming a critical tool in macro-fiscal management. It facilitates fiscal discipline, strategic, effectiveness and efficient allocation and use of government’s resources. It further helps Government Ministries, departments and agencies to take into account future consequences (deficit, liquidity trap, fiscal cliff) from their current spending.

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MEFMI, in collaboration with the World Bank, organised a regional workshop on Medium Term Debt Management Strategy (MTDS) which was held from 4 to 13 November 2013 in Mombasa, Kenya. This is one of the activities that were financed this year through the World Bank’s Debt Management Facility (DMF) for low income countries. The DMF has been supporting other activities such as the Debt Management Performance Assessment, reform plan and MTDS missions.

MEFMI Conducts a Study on Contingent Liabilities
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Experiences with the debt crises amongst the developing countries and the ongoing Eurozone debt crisis point to the need for a holistic approach to the management of public and publicly guaranteed debt including the associated obligations such as contingent liabilities. Consequently, many Governments around the world, with advice of regional and international technical assistance providers, are now keen on monitoring the liabilities of the entire public sector, from a sovereign Assets and Liabilities Management (ALM) perspective. A key building block in this regard is the assessment and reporting of sovereign contingent liabilities together with public sector debt.

MEFMI / UNCTAD / SA National Treasury Joint Workshop on ALM Applauded
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United Nations Conference on Trade and Development (UNCTAD)’s Development Finance Branch, the National Treasury of South Africa and MEFMI held a joint regional workshop on sovereign Assets and Liabilities Management (ALM). The workshop, funded by UNCTAD, took place at the Organization for Economic Cooperation and Development (OECD) Centre for African Public Debt Management and Bond Markets, in Midrand, South Africa, from 30 September to 3 October 2013.The workshop was one of the activities of an UNCTAD project which seeks to strengthen capacity for effective ALM in public debt management offices (DMOs). The project focuses on  capacitating developing countries from Africa, Latin America and the Caribbean regions to enhance the management of their public debt within an ALM framework.

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