• 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

 

Seminar on Public Investment Management November 28 to December 2, 2016.

IMG_5223 AFS delivers a Regional Seminar on Public Investment Management with 26 participants from 10 countries. Opening the seminar, the AFS coordinator, Ms. Effie Psalida, noted that public investment is essential to the creation of the infrastructure and physical assets needed for both private sector development and inclusive and equitable social and economic growth. Recent Fiscal Affairs Department (FAD) analytical work has however suggested that the current outcomes of public investment projects could be improved by more than 30 percent, in developing countries, if current efficiency gaps could be addressed. During the course of the seminar participants learnt how to identify and quantify efficiency gaps and assess public investment planning, allocation and implementation institutions, using the IMF’s new Public Investment Management Assessment (PIMA) tool. Participants also shared experience on how the PIMA could be used to develop measures and actions necessary to improve the efficiency, effectiveness and outcomes of public investment. Further information on the PIMA is available at http://www.imf.org/external/np/fad/publicinvestment.      

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Seminar on Enhancements to the Basel Process-Revisions to standardized approaches for credit, market and operational risks and developments relating to Basel III for the SADC countries at the SARB Academy, Pretoria, South Africa.

IMG_5223 AFS organized a seminar for SADC countries on Enhancements to the Basel Process-Revisions to standardized approaches for credit, market, and operational risks and developments relating to Basel III at the SARB Academy in Pretoria on November 14-18, 2016.The seminar focused on enhancing the skills and competencies of the staff in the bank supervision departments of these countries. Mr. Kuben Naidoo, Deputy Governor in charge of banking Supervision at the SARB inaugurated the seminar in the presence of Ms. Effie Psalida, AFS Coordinator. See Mr. Naidoo’s remarks here. Read more  

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Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries

IMG_5223 The IMF’s Regional Technical Assistance Center for Southern Africa (AFRITAC South), the Monetary and Capital Markets department, and the Africa Training Institute are delivering this week a regional seminar on Improving Monetary Policy Frameworks. The seminar has 33 participants from mid-level management and relevant technical staff involved in the practical discussion of monetary policy conduct and implementation from: Botswana, The Gambia, Ghana, Madagascar, Mauritius, Mozambique, Nigeria, Seychelles, Sierra Leone, South Africa, and Zambia This seminar follows the November 3-4 peer-exchange event for central bank Deputy Governors and Directors of Monetary Policy, Research, and Operations, and discusses at a more technical level the design and implementation of effective monetary policy frameworks as presented in the IMF paper on Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries. The seminar gives practical guidance including examples from developing economies. It also gives the opportunity for participants to interact with their peers from 11 countries, who are embarking on the same journey of monetary policy modernization. The topics, designed to re-enforce the key principles outlined in the IMF policy paper, cover price stability, operational independence, the operational framework, forward looking monetary policy strategy, and effective central bank communication.   Read more  

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AFS October 2016 Bulletin

During the first six months of FY17 AFS executed some 256 field person-weeks of TA, representing 46 percent of the plan, transmitted over 55 TA reports and conducted eight regional seminars/courses. These were supported by tailored workshops and on-the-job training during field visits. Based on current information, the center is expecting to exceed the volume of TA delivery during FY17 , which broadly reflects increased traction in some countries. Download Bulletin

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Address by Mr. Yandraduth Googoolye, First Deputy Governor of the Bank of Mauritius

IMG_5223 Mr. Googoolye, First Deputy Governor of the Bank of Mauritius, delivered a speech today at the AFRITAC South workshop on the adoption of the international standards for payment, clearing and settlement systems, the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMI). Twenty-seven financial sector regulators from 12 countries in the region are participating in the program. The discussions address regional and national challenges in complying with the international standards, as well as strategies to balance the risk and efficiency objectives in the development of mobile payment services. Download Full Text   

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AFS July 2016 Bulletin

This bulletin is an update on the implementation of the FY17 work plan in the first quarter (May -July 2016). AFS delivered some 122 field person-weeks of technical assistance (TA) across member countries, transmitted 29 TA reports to government agencies, and conducted four regional seminars in addition to the tailored workshops and on-the-job training provided during TA field visits/missions. Download Bulletin  

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Remarks by Mr. Rameswurlall Basant Roi G.C.S.K., Governor, Bank of Mauritius

IMG_5223 An ATI course on the core elements of banking supervision, with the participation of 34 supervisors from 16 African countries, concluded on July 29, 2016. The objective of the course was to update supervisors on global regulatory and supervisory developments and to sharpen their skills. The Governor of the Bank of Mauritius, Mr. Rameswurlall Basant Roi, addressed the participants in the closing session: This visit is my first to the Africa Training Institute of the IMF in Mauritius and I am pleased to address you on the concluding day of the course on Core Elements of Banking Supervision. Thank you, Mr Ravi Mohan, Adviser to the AFRITAC, for giving me this opportunity to reflect briefly on a subject like regulation and supervision of banks that has increasingly occupied a centrally important seat in policy discussions in the past quarter of a century.   Download Full Text   

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AFS Annual Report FY 2016

AFRITAC South (AFS) is now one year away from the conclusion of phase I. Over the past five years, the center has contributed to its member countries’ macroeconomic institution-building by helping to develop expertise, strengthen economic structures, and implement reforms. Download Report Download Annex

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AFRITAC South Supports Strengthening Central Bank Communication

IMG_5223 On May 23–27, 2016, the IMF’s Regional Technical Assistance Center for Southern Africa held a seminar at the Africa Training Institute in Mauritius on Central Bank Communication. The event brought together a mix of policymakers, management, and staff from the central banks of Botswana, Lesotho, Madagascar, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, and Zambia. Read more

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AFRITAC South Holds Seminar on Strengthening Supervisory Approaches to AML/CFT

IMG_5223 During May 16-20, 2016, the International Monetary Fund’s Regional Technical Assistance Center for Southern Africa (AFRITAC South) held a seminar at the premises of the IMF’s Africa Training Institute in Mauritius on Risk-Based Approaches to Anti Money Laundering and Combating the Financing of Terrorism (AML/CFT) Supervision. Read more

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