Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI)

Aims & Objectives The Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) is a regionally owned institute currently with 14 member countries: Angola, Botswana, Burundi, Kenya, Lesotho, Malawi, Mozambique, Namibia, Rwanda, Swaziland, Tanzania, Uganda, Zambia and Zimbabwe. Background During the 1980s and 1990s, many countries in the Africa region faced entrenched problems in the capacity for debt and reserves management as well as macroeconomic management. In response, senior economic officials and financial managers in Eastern and Southern Africa launched the Eastern and Southern Africa Initiative in Debt and Reserves Management (ESAIDARM) in 1994, whose mandate was later broadened to cover macroeconomic and financial management issues and renamed the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) in 1997. MEFMI activities put special focus on: Macro-economic management which deals with analysis of the economy, planning and forecasting. Financial Sector Management, which covers financial market development, foreign exchange reserves management, regulation and supervision of financial institutions, payment systems and monetary policy implementation. Sovereign Debt Management, which encompasses debt database development and management, institutional and legal aspects, analysis, policy and strategies. Fellows Development Programme which trains promising young professionals with the view to groom them into specialists / experts available to their countries and to the region.