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Short Term Capital & Current Account Sustainability – a Challenge for Africa’s Policy Makers
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The Association of African Central Banks held its 36th Symposium in Algiers, Algeria on 29 and 30 August 2012.  The annual symposium is hosted on rotation by central banks in Africa to discuss issues pertinent to the macroeconomic environment of the region.  This year the symposium is being hosted by the Bank of Algeria and will see more than 20 Central Bank Governors from the region and 200 financial experts meeting.

MEFMI Assists Malawi Conduct a Debt Sustainability Analysis
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Debt sustainability is still a concern for several countries that received debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). Post HIPCs are still facing large financing needs to meet their development needs.  This is despite the significant debt service savings realized from debt cancellation under the two debt relief mechanisms.

MEFMI Now Has 92 Fellows
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MEFMI held yet another highly successful Fellows Graduation and Accreditation Ceremony on 25 JULY 2012 in Harare, Zimbabwe. The assessment for graduation of Candidate Fellows was conducted on 24 July 2012, with Graduate Fellows, who completed their apprenticeship work, presenting their papers, as part of MEFMI assessment for accreditation on 25 July 2012.

Revamping Financial Programming Frameworks in Botswana and Malawi
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Botswana and Malawi authorities are in the process of developing and revamping their financial programming frameworks to allow support formulation of consistent macroeconomic policy management. In Botswana, the Ministry of Finance and Development Planning is taking the lead in the work while in Malawi, the exercise is being spearheaded by the Reserve Bank of Malawi. MEFMI’s Macroeconomic Management Programme is working closely with the two institutions, providing them with technical assistance to ensure that consistent financial programming frameworks are fully developed in these countries.

MEFMI Signs Agreements with the Norwegian Ministry of Foreign Affairs and the Swedish Government
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MEFMI recently signed agreements for financial support with two of the Institute’s traditional financial cooperating partners; The Government of the Kingdom of Norway and the Government of Sweden.

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