• 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

South Africa



News and Events


AFS - Report to the Steering Committee on Work Program for FY 2016

AFRITAC South (AFS) will complete its fourth year of operations soon. In June 2011, the center started its operations with a reduced budget of about $40 million for the first funding cycle (FY 2012–16). As additional funding had gradually become available, AFS’s budget envelope increased to about $58 million in FY 2014, and the center’s activities were scaled up accordingly. In 2014, the budget cycle was extended by 12 months to include FY 2017. Download Program Download Annexes

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Independent Mid‐Term Evaluation Phase I: June 2011 to April 2014

Download Vol I and Vol II Download IMF Response to AFS evaluation 

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VACANCY - Resident Advisor in Financial Market Infrastructures and Payments - Tanzania (MCMTA)

The Monetary and Capital Markets Department (MCM) of the International Monetary Fund (IMF) is seeking an experienced expert to work as Resident Advisor—referred to as Long-Term Expert (LTX) —in Financial Market Infrastructures (FMIs) and Payments to provide Technical Assistance (TA) to member countries of two Regional Technical Assistance Centers (RTACs): AFRITAC East (AFE) located in Dar es Salaam, Tanzania, and AFRITAC South (AFS) located in Port Louis, Mauritius. The Advisor would be based at AFE. Download Advert  

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Large Taxpayer Administration - (October 5 - 9, 2015)

The objective of the seminar is to improve the effectiveness of large taxpayer administration. AFS has been at the forefront of promoting segment-based tax administration starting with the establishment of Large Taxpayer Units or Offices (LTUs or LTOs). Four member countries have recently established offices to manage large taxpayers. The rest of the member countries of the AFS region already had large taxpayer offices in place prior to 2012. The seminar will promote the sharing of experiences with large taxpayer administration in the region. International experts will support discussions on emerging trends and practices in the effective administration of large taxpayers. Download Outline

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Strengthening Fiscal Frameworks and PFM Systems for Managing Natural Resource Wealth - (September 21-25, 2015)

In recent years, a number of sub-Saharan African countries have made natural resource discoveries or seen already known natural resources gain in importance. This creates both opportunities and challenges to the economic and social development of the AFS region. The potential income streams and enhancements to net worth make it possible for countries to generate additional resources to undertake investment in human and physical capital that will improve economic growth potential and reduce poverty. Download Outline

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National Accounts: Compilation of Quarterly GDP- (September 07 - 11, 2015)

The main seminar’s objective is to broaden the participants’ understanding of the compilation of quarterly gross domestic product (GDP) at current and constant prices. The seminar will be focused on the specific data sources, mainly basic short-term indicators highly correlated with the behavior of GDP components, and on respective compilation procedures applied. Download Outline

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Stress testing in Banks as a Risk Management Tool - (August 03 - 07, 2015)

Stress testing is an important tool in developing a complete picture of an institution’s risk profile. What constitutes a good stress test is, however, not universally accepted. Practices still differ widely, not only in the supervisory community but also in the banking industry. 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 conduct stress testing of the banking sector to understand the risks banks are facing and to fine-tune the risk management practices. Download Outline

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Promoting Financial Stability through Stronger Legal and Institutional Frameworks - (June 29 - July 03, 2015)

The Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB) revised frameworks for crisis resolution and depositor protection warranting revisions to the legal framework in emerging market economies with a view to facilitating the introduction of such enabling legal provisions for ensuring financial stability. This seminar is recommended by the Secretariat of the SADC Committee of Central bank Governors against the backdrop of the recent assessments of compliance with the Basel Core Principles (BCP) for Effective Supervision in many jurisdictions in the region, revealing substantial obsoleteness in their banking laws. Download Outline

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AFS Annual Report FY 2014

The fiscal year (FY) 2014 was another growth year for AFRITAC South (AFS). This growth in AFS activities helped our member countries to strengthen capacity in the face of a diverse set of challenges in a slowly recovering world economy. The 90-percent implementation rate of the work program for FY 2014 is a testimony to the high demand for AFS capacity building services. Download Report Download Annex

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AFS April 2015 Bulletin

Public Financial Management (PFM): AFS fielded missions under topic areas: reform and action plans (Mozambique and Zimbabwe), the legal and regulatory framework (Namibia and Zambia), the medium-term macro-fiscal and budget frameworks (Angola, Botswana, Madagascar, Seychelles, and South Africa), cash and expenditure management (Comoros, Lesotho, and Swaziland), and accounting and fiscal reporting (Seychelles and Swaziland).   Download Bulletin

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