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Africa Responds to Global Financial Crisis |
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The current global financial and economic crisis has presented significant challenges to many supervisors and banks in Africa as they strive to implement new capital adequacy frameworks. This was said by Mr Josef Tosovsky, Chairman of the Financial Stability Institute (FSI) at a High Level Meeting on Recent Developments in Financial Markets and Supervisory Responses which was held in January 2009 in Cape Town, South Africa.
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Kenya Progressing With Medium Term Debt Strategy |
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Kenya has been implementing a debt management reform programme with support from the World Bank since 2004.
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Effective Debt Management in the Global Financial Crisis Era |
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As the need to effectively manage debt in the MEFMI region grows, the existing relationship between MEFMI and the Commonwealth Secretariat (COMSEC) continues to be strengthened in order to provide debt management officials in client institutions with appropriate skills. Over and above capacity building skills, the partnership with COMSEC has also seen countries in the MEFMI region adopt the use of the Debt Recording and Management System (CS-DRMS). Inclusive of MEFMI countries, this IT driven system is currently in use in 59 countries in the world.
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7th Intake Candidates Fellows Announced |
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The Secretariat recently concluded the rigorous selection exercise to recruit a new group of Fellows. A total of 43 officials attended the interviews which were held in Harare, Zimbabwe. From the 43 prospecting Fellows, 16 were selected of whom four are female.
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The Engagement Process in the Fellows Development Programme |
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Over the years, the MEFMI Fellows Development Programme (FDP) has saved the Institute and the region from utilising expensive consultants from overseas. It has proved to be an investment with a high rate of return. The training of MEFMI Fellows is a highly accelerated process, taking an average period of eighteen months.
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