• 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


Cours sur la Gestion Macroéconomique dans les Pays Riches en Ressources Naturelles, 13-17 mars 2017

IMG_5223 IMG_5223               A l’IFA (ATI) du FMI, AFRITAC Centre et AFRITAC Sud ont animé cette semaine un cours consacré aux questions de politique macroéconomique et aux défis auxquels sont confrontés les pays riches en ressources naturelles. Grâce aux conférences, aux ateliers pratiques ainsi qu’aux débats, les participants ont appris à évaluer la façon dont les performances économiques dans ces pays peuvent différer de celles d’autres pays. Ils ont appliqué des règles budgétaires simples pour déterminer quel volume extraire, consommer et épargner du produit de la vente de ressources naturelles. Ils ont élaboré un cadre budgétaire assorti d'objectifs et de priorités clairs qui assure une viabilité budgétaire à long terme et qui prend compte la volatilité des cours des produits de base. Ils ont également identifié des mesures macroéconomiques appropriées pour faire face aux chocs des cours des produits de base.

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Seminar on Price Statistics March 13-17, 2017.

IMG_5223 IMG_5223 AFRITAC South is conducting a seminar this week to strengthen the knowledge of government statisticians on consumer and producer price index concepts and methodology. The approach is to address specific challenges identified by the seminar participants in implementing international standards and best practice in statistics.    

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Seminar on Strengthening Budget Documentation and Fiscal Decision Making February 6-10, 2017.

IMG_5223 IMG_5223 AFRITAC South is hosting a seminar during February 6-10, 2017 on strengthening budget documentation and fiscal decision making. Eight Southern Africa countries are represented by 26 government officials on a platform for developing and exchanging knowledge with peers, including ideas and experiences for improving the content of budget documentation. The discussions will address options for ways to best integrate and use budget documents in the budget cycle. Ideas will also be exchanged on improving strategic communication for different levels of budgetary stakeholders.    

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AFS November 2016-January 2017 Bulletin

In the past nine months AFS executed 71 percent of its planned annual technical assistance (TA) and training, transmitted over 75 TA reports, and conducted 13 regional seminars/courses. In addition, it delivered a number of tailored workshops and on the-job training during field visits. With increased traction in  most countries and additional regional activities, the volume of TA is expected to exceed the initial plan by over 10 percent. Download Bulletin

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Professional attachment to Mauritius Revenue Authority - December 5-16, 2016.

IMG_5223 Six Revenue Authority officials – two each from Botswana, Lesotho, and Zambia – spent two weeks on a professional attachment to the Mauritius Revenue Authority. At the concluding session on December 16, the delegates noted that the following points are necessary for having an effective Revenue Authority: -Synergies between tax and compliance risk management functions -IT integration and analyst platforms -Data analysis and IT capabilities -MOUs with other government departments and key stakeholders -Strengthened legislation (e.g. third party information) -Internal exchange of information (e.g. Intranet and nCEN) -Ownership of risk management functions by Senior Management -Unique Identifiers -E-commerce -Taxpayer education

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Seminar on Compilation of National Accounts December 5-9, 2016.

IMG_5223 AFS delivers a Regional Seminar on Compilation of National Accounts with 40 participants from 13 countries. The seminar strengthened knowledge of the national accounts concepts and methods. The focus was on specific data sources, methodology and coordination issues for the compilation of GDP estimates and beyond. The seminar consisted of lectures and workshop sessions covering methodological and compilation issues. Emphasis was placed on the compilation of GDP, gross national income, gross national disposable income, and gross saving. The following topics were covered:

  • - Stock-take of national accounts aggregates in AFS countries and plans for development
  • - Coordination issues: inter-agency collaboration and data quality improvements
  • - Conceptual issues

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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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