About 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. As a regional center, which is close to the countries/territories it serves, AFS offers several advantages including: (a) decentralized and better tailored delivery of technical assistance (TA) to the particular needs of the region; (b) enhanced country ownership and accountability; (c) quicker and more efficient response to TA requests; (d) closer coordination with other TA providers in the region; and (e) more focused subject-specific and hands-on training for local officials.

 

AFS is governed by a Steering Committee (SC) composed of representatives of AFS countries and donor countries and agencies. The committee reviews the center’s annual reports, and endorses annual work plans§ and priorities. The center havs adopted a result-oriented approach to planning, managing, and monitoring its activities.

Staffing of AFS reflects member countries’ TA needs. The size and composition of the team of resident experts is tailored to those needs and priorities of participating countries. The center is supervised by a coordinator. At present, the center has eight/nine long-term resident advisors in the following areas: revenue administration, public financial management (PFM), macroeconomic statistics, banking supervision, and monetary policy framework operations. The work of long-term resident advisors is supplemented by short-term experts. The center also employs a local economist, as well as 7 support staff.

 

The center was opened in June 2011 with a reduced five-year (June 1, 2011-April 30, 2016) budget envelope of $40 million. After two years of operations and with additional donor funding, the centre was able to scale-up its activities as from FY 2014.  The center is financed by the IMF, multilateral and bilateral donors.



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