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Zimbabwe Holds High Level Debt Forum |
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The Government of Zimbabwe’s quest to resolve its high debt burden has intensified. Following a debt sustainability analysis conducted by the Government in 2009 it was found that Zimbabwe’s debt, comprising a sizeable amount of accumulated arrears, is not sustainable. By the end of 2009 the country’s public debt stood at more than US$5 billion. This is a huge burden for a country whose Gross Domestic Product (GDP) was estimated at about US$4 billion in 2009. The situation is worsened by the fact that the Zimbabwean economy is yet to regain full recovery into a rapid GDP growth path.
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UNCTAD Promoting Responsible Sovereign Lending and Borrowing |
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With financial support from the Government of Norway, the United Nations Conference on Trade and Development (UNCTAD) has initiated a project under the broad heading of Promoting Responsible Sovereign Lending and Borrowing. This involves, inter alia, the development of a set of guidelines to promote and foster mechanisms to enhance responsible sovereign lending and borrowing. As a longstanding and trusted partner in Eastern and Southern Africa, MEFMI has most generously agreed to collaborate with UNCTAD in this region.
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MEFMI – An Enviable Regional Organisation |
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Latest News
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MEFMI has scored a number of successes in the delivery of its capacity building programmes. Past reviews of MEFMI concluded that the Institute has built an enviable regional and international position that has seen it earn respect as a leader in capacity building in the core areas of macroeconomic, financial sector and debt management.
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New Programme Officer for the Foreign Private Capital Capacity Building Programme |
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Latest News
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One of the major capacity building activities offered by MEFMI to its client institutions is the Foreign Private Capital Capacity Building Programme (FPC-CBP) which includes the Private Capital Monitoring System (MEFMI-PCMS). The PCMS is the statistical system which was started in 2007 and nurtured to its current stage by Mr Charles Assey, will now be under the stewardship of Mr Evarist Adolf Mgangaluma.
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MEFMI Conducts Phase III Mid-Term Review |
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Since inception in 1994, MEFMI has continued to operate in the framework of five-year rolling cycle projects (1997-2001, 2002-2006 and 2007-2011). As the year 2009 was the half way mark into the plan for Phase III, the Institute started 2010 on a high note by conducting the Mid-Term Review (MTR) of Phase III (2007-2011). The Mid-Term Review for Phase III was being conducted by an independent team of consultants on behalf of MEFMI and its financial cooperating partners - the African Capacity Building Foundation (ACBF), The Netherlands, Sweden and Norway.
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