• Mission and Vision

    Mission and Vision

    Improving the Macroeconomic Management Frameworks to foster sustainable growth and poverty reduction in Southern Africa.

Welcome to AFRITAC South

The Regional Technical Assistance Center (RTAC) in Southern Africa (AFRITAC South – AFS) is a collaborative effort between the International Monetary Fund (IMF) and several bilateral and multilateral donors aimed at providing technical advice (TA) in core macroeconomic and financial management areas to countries in the African sub-Saharan region.

 

The centre is currently providing TAs and trainings to Angola, Botswana, Comoros, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Zambia, and Zimbabwe.  The main mandate of AFS is to provide capacity-building assistance, facilitate the reform process in member countries, and support regional integration.

 

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Event Gallery

Member Countries

Angola
Botswana
Comoros
Lesotho
Madagascar
Mauritius
Mozambique
Namibia
Seychelles
South Africa
Swaziland
Zambia
Zimbabwe


 


 

News and Events

 

AFS July 2015 Bulletin

During May-July 2015, AFRITAC South (AFS) actively delivered technical assistance (TA) across the spectrum of its main areas of operation: Public Financial Management (PFM): mainly medium-term macro-fiscal frameworks (Comoros, Lesotho, and Zimbabwe), cash and expenditure management (Botswana and Comoros), internal control procedures (Madagascar), and accounting and fiscal reporting (Botswana).   Download Bulletin

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DEBT SUSTAINABILITY ANALYSIS (April 18 - 22, 2016)

The countries of the AFS region face the challenge of mobilizing and managing resources to finance their efforts to fill the infrastructure gap and undertake needed social spending to address high poverty levels and inequalities, without creating unsustainable debt. After making substantial progress in reducing the debt burden prior to the global financial crisis, the AFS region has experienced an increase in public debt and is set to see its continued increase in the coming years. Download Outline

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PRICE STATISTICS (March 21 - 25, 2016)

The seminar is intended to broaden participants‘ understanding of the theory and practice of compiling consumer prices indices (CPIs). It focuses on the main building blocks of the CPI compilation: sampling and collecting data from retail outlets; handling temporarily and permanently unavailable items; adjusting prices due to quality changes; including new products and outlets; choosing index number formulas at lower and higher levels of aggregation; and chaining and linking indices with updated weighting structures. Download Outline

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COMMUNICATION STRATEGIES FOR MONETARY POLICY (March 14 - 18, 2016)

The seminar will facilitate a peer-to-peer exchange of views on monetary policy communication among central banks in sub-Saharan Africa, focusing on the countries undergoing or contemplating a transition to more forward-looking monetary policy regimes. The topics will include: (i) the communication objectives of a central bank; (ii) internal forecasting processes and communication with the Monetary Policy Committee; (iii) target groups and communication channels; and (iv) the evaluation and preparation of external communication. Download Outline

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MACROECONOMIC DIAGNOSTICS (Feb 29 - March 11, 2015)

This course aims to strengthen participants’ ability to assess a country’s macroeconomic situation, emphasizing practical tools for use in day-to-day macroeconomic analysis of developments in complex economies. The course draws heavily on actual country experiences, emphasizing diagnostic and analytic tools that typically are not well covered in macroeconomics textbooks or in university courses. Download Outline

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RISK-BASED SUPERVISION AND PILLAR II OF BASEL II (Feb 22 - 26, 2016)

While many countries in the southern African region are implementing the Basel II Capital Adequacy Standard, there are policy and strategic demands on a number of countries in the region to also start implementing Basel III, or at least some of its elements. Also, countries in the region are adopting a macro-prudential approach to supervision and putting in place macro-prudential regulations. Download Outline

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ENHANCED COMPLIANCE OF INDIRECT TAXES ( Feb 15- 19, 2016)

Effectively managing compliance, while at the same time facilitating trade, is a key challenge in revenue administration. This becomes particularly challenging in the case of indirect taxes, where often one agency, or part of one agency, has responsibility for administering the tax but other agencies (or other parts of the same agency) have a key role in ensuring compliance. Download Outline

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Improving Fiscal Reporting In Developing Countries using International Public Sector Accounting Standards (IPSAS) - (Nov 30 - Dec 04, 2015)

In recent years, the global financial crisis has highlighted the significant gaps and weaknesses in public sector accounting practices and has underscored the need for more comprehensive, reliable, and timely financial reporting by governments. These concerns were echoed by the G-20 at their meeting in Moscow in February 2013, when they called on the IMF, the World Bank, and the OECD to work to improve the transparency and comparability of public sector financial reporting. Download Outline

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Financial Market Analysis ( November 09 - 20, 2015)

This two-week course, presented by the IMF’s Institute for Capacity Development, introduces participants to the fundamentals of financial analysis that are part of the toolkit of policymakers. These tools are used to study the characteristics of various financial instruments and their pricing, as well as to analyze portfolios of assets and the basics of risk management. Download Outline

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INDEX OF INDUSTRIAL PRODUCTION (December 14 - 18, 2015)

The main seminar’s objective is to broaden participants’ understanding of the compilation of the index of industrial production––one of the most important short-term indicators used for producing quarterly gross domestic product (GDP). The seminar will be focused on the specific sources and compilation procedures applied for measuring the index. Download Outline

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