Produce a harmonized April 2011 consumer price index concepts, Harmonized (HCPI) methodologies concepts, Compile Quarterly GDP Dec 2011 and statistical methodologies Compile Financial Survey CMI, frameworks and statistical Compile Government Ministries used in frameworks finance statistics responsible for convergence Compile BOP and other Finance and criteria as well external statistics Economic as database develop statistical systems Planning, development and a database Bureaus of macroeconomic data Statistics consistency, and consistency of the regional programming model Refine REPSS Ongoing Strengthen and Central Banks integrate the Interconnected and COMESA payments payments and Secretariat, systems clearing COMESA systems Clearing House Strengthen activities of the Ongoing Financial Financial System Development System vi. strengthen and Sub-Committee Development harmonize Sound and banking and stable financial Committee, financial sector Monetary and supervision and Financial regulation Affairs Committee Monitoring and Ongoing Observance of the reporting of performance Entrenched CMI,CCBG, macro-economic by member states COMESA and prudential and financial Secretariat convergence Taking prompt corrective stability criteria actions to meet set criteria Second (2nd) Stage: 1st January, 2013- 31st December 2014 Activity Start Date Task Deliverable Date Develop an Commission a study report Jan. 2013 Jun. 2013 CMI, appropriate on the COMESA ERM on proposed CBBG ERM for ERM COMESA Review on ERM Jul. 2013 Dec. 2013 Dec.2014 Jan. 2014
concepts, methodologies and statistical frameworks used in convergence criteria as well as database development Produce a harmonized consumer price index (HCPI) Compile Quarterly GDP Compile Financial Survey Compile Government finance statistics Compile BOP and other external statistics develop statistical systems and a database macroeconomic data consistency, and consistency of the regional programming model Harmonized concepts, methodologies and statistical frameworks April 2011 Dec 2011 CMI, Ministries responsible for Finance and Economic Planning, Bureaus of Statistics Strengthen and integrate the payments systems Refine REPSS Interconnected payments and clearing systems Ongoing Central Banks and COMESA Secretariat, COMESA Clearing House vi. strengthen and harmonize banking and financial supervision and regulation Strengthen activities of the Financial System Development Sub-Committee Sound and stable financial sector Ongoing Financial System Development Monetary and Financial Affairs Committee Observance of the macro-economic and prudential convergence criteria Monitoring and reporting of performance by member states Taking prompt corrective actions to meet set criteria Entrenched and financial stability Ongoing CMI,CCBG, COMESA Secretariat Second (2nd) Stage: 1st January, 2013- 31st December 2014 Task Activity Deliverable Start Date Date Develop an appropriate ERM for COMESA Commission a study on the COMESA ERM Review on ERM report on proposed ERM Jan. 2013 Jul. 2013 Jan. 2014 Jun. 2013 Dec. 2013 Dec.2014 CMI, CBBG Committee,
Report-of-the-9th-Meeting-of-MERP-Sub-Committee-September-2011.docx