April 11-22,2011
Objective/Description:
As important partnerships with the RMCE, the IMF Institute has agreed to partner with Government of Mauritius and the RMCE in the establishment of the African Center for Economics and Finance as the IMF Institute training institution in Africa. The IMF Institute considers to discuss the training programs with regional stakeholders represented at the RMCE Board. The RMCE Board welcomes the initiative from the part of IMF Institute and Government of Mauritius as main supporters and is committed to engage in negotiations with development partners to financially support part of the training costs through the RMCE.
During April 2011, the Regional Multidisciplinary Centre of Excellence (RMCE) in collaboration with IMF Institute and support from the Government of Mauritius organised a course on Macroeconomic Management and Financial Sector Issues (MMF) in English and French from April 11–22, 2011. The regional course was held at the Grand Bay International Conference Center, Mauritius. Participants were principally from Sub Saharan African countries and the workshop allowed a good interchange and sharing of experience. Opening of the workshop was made by Hon Arvind Boolell, Minister of Foreign Affairs and International Trade. Experts were from the IMF Institute and the training sessions were led by Mr Marc Quintyn and Mrs Alina Carare respectively both from Washington DC, US .Participants were both from COMESA and SADC countries.
Outputs:
Participants were both from COMESA and SADC countries and engaged in discussions throughout the course and were divided into small groups, under the direction of counsellors, to conduct workshop exercises aimed at solidifying their understanding of the lecture materials, and to make presentations on key policy issues of interest in their region. The course aimed at deepening participants’ understanding of financial sector issues and their implications for macroeconomic management. It focussed on the main analytic and policy issues in the key macroeconomic sectors, described the formulation of the macroeconomic policies, and explained the main policy aspects of financial markets and their regulation. The course covered fiscal sustainability, frameworks for monetary policy, choice exchange rate regime, international capital flows