{
  "title": "Press Release: Southern Africa Finance Ministry Officials Exchange Experiences in Implementing Medium-Term Budget Frameworks",
  "publication": "IMF News, September 23, 2013",
  "sourceUrl": "https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13356",
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  "summary": "Event: Workshop on “Medium Term Budget Frameworks (MTBFs) for Sub-Saharan Africa”",
  "publishDate": "2013-09-23",
  "sections": [
    {
      "heading": "Workshop details and participants",
      "content": "- Event: Workshop on “Medium Term Budget Frameworks (MTBFs) for Sub-Saharan Africa”\n- Organizers: IMF Fiscal Affairs Department and Africa Regional Technical Assistance Center South (AFRITAC South)\n- Location and date: Mauritius, September 16-20, 2013\n- Attendance: Thirty-four officials from finance and planning ministries representing AFRITAC South member countries\n- AFRITAC South member countries represented: Angola, Botswana, Comoros, Lesotho, Mauritius, Mozambique, Namibia, Seychelles, Swaziland, Zambia, and Zimbabwe\n- Additional participants: Representatives from the Common Market for Eastern and Southern Africa (COMESA), the European Union (EU), and the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI)\n- IMF media contact listed:\n  - IMF COMMUNICATIONS DEPARTMENT, Media Relations\n  - E-mail: media@imf.org\n  - Phone: 202-623-7100"
    },
    {
      "heading": "Objectives and topics covered",
      "content": "- Core objective: Explore how MTBFs can enhance fiscal management and public spending outcomes across Sub-Saharan Africa\n- Topics discussed:\n  - macro-fiscal forecasting and fiscal policy rules\n  - constructing multi-year expenditure ceilings\n  - improving budget processes and documents\n  - promoting investment and inclusive growth\n  - making effective sectoral allocations and linking to program budgeting"
    },
    {
      "heading": "Key messages and stakeholder statements",
      "content": "- Regional imperative:\n  - Mr. Christ Paddia, representative of the Mauritius Ministry of Finance and Economic Development, noted that the global financial and economic crisis highlighted that reforming governments’ management of public finances is no longer an option but a necessity in the region.\n- Regional integration and convergence:\n  - Mr Ibrahim Abodullahi Zedy, Director of the COMESA Monetary Institute, stressed the importance of sound MTFFs for macroeconomic convergence in the COMESA region and welcomed AFRITAC South’s technical assistance in this area.\n- Technical assistance and peer exchange:\n  - Mr. Vitaliy Kramarenko, AFRITAC South Coordinator, said the seminar presented a unique opportunity to engage officials from the AFRITAC South member countries in the peer-to-peer exchange of ideas on how to make the MTBF more successful in achieving better outcomes in terms of economic growth, infrastructure development, and poverty reduction.\n  - Ms. Florence Kuteesa, Technical Assistance Advisor in the IMF’s Fiscal Affairs Department, added that the seminar provided useful inputs into the on-going AFRITAC South technical assistance on the MTBF to its member counties."
    },
    {
      "heading": "Findings and practical implications",
      "content": "- MTBFs can:\n  - enhance fiscal discipline and sustainability\n  - improve the strategic allocation of resources between sectors\n  - ensure the efficient use of resources by the public sector\n- Peer-to-peer learning:\n  - Participants shared challenges in developing MTBFs and learned from each other’s experiences\n- Inputs to technical assistance:\n  - Seminar outputs were incorporated into on-going AFRITAC South technical assistance on MTBF implementation\n\nPress Release No. 13/356, IMF Communications Department, September 23, 2013.\n\n---\n\n\n References\n\n- PRESS CENTER\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13356"
    }
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    "Published: September 23, 2013",
    "Event: Workshop on “Medium Term Budget Frameworks (MTBFs) for Sub-Saharan Africa”",
    "Organizers: IMF Fiscal Affairs Department and Africa Regional Technical Assistance Center South (AFRITAC South)",
    "Location and date: Mauritius, September 16-20, 2013",
    "Attendance: Thirty-four officials from finance and planning ministries representing AFRITAC South member countries",
    "AFRITAC South member countries represented: Angola, Botswana, Comoros, Lesotho, Mauritius, Mozambique, Namibia, Seychelles, Swaziland, Zambia, and Zimbabwe",
    "Additional participants: Representatives from the Common Market for Eastern and Southern Africa (COMESA), the European Union (EU), and the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI)",
    "IMF media contact listed:",
    "Core objective: Explore how MTBFs can enhance fiscal management and public spending outcomes across Sub-Saharan Africa",
    "Topics discussed:",
    "Regional imperative:",
    "Regional integration and convergence:",
    "Technical assistance and peer exchange:",
    "MTBFs can:",
    "Peer-to-peer learning:",
    "Inputs to technical assistance:",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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