Operationalise ERM ERM Operationalized ERM Continued observance Ongoing CMI, of primary and Entrenched Monetary secondary criteria for and of this phase as and 2014 Financial indicated in the financial Affairs roadmap stability Ongoing CCBG Annual assessments of performance of Annual 2014 countries as per the CMI, set convergence Reports CCBG criteria Preparations for the 2012 CMI, CCBG, establishment of CCB Monetary and Exchange Develop legal Charter, Bill Rate Policies framework for the or Protocol 2014 COMESA System of of CCB for the Central Banks (CSCB) Committee of and CCB and ensure Monetary and of CCB entrenched Central of Financial Bank Independence COMESA Affairs (CBI), particularly with System of regard to instrument, Central personnel and and CCB financial independence. Informing and mobilizing key Stakeholders and the public on the legislative and administrative changes regarding the CMU Preparation of 2012 institutional, administrative 2014 and legal framework for setting up the common Central Bank and single currency of Monetary Union Vigorous Public education Make every effort to involve the 2013 -2014 campaigns about the net print and the electronic media as
Operationalise ERM ERM Operationalized ERM of Continued observance of primary and secondary criteria for this phase as indicated in the roadmap Annual assessments of performance of countries as per the set convergence criteria Entrenched and financial stability Annual Reports Ongoing Ongoing 2014 2014 CMI, Monetary and Financial Affairs CCBG CMI, CCBG for the of CCB Preparations for the establishment of CCB Develop legal framework for the COMESA System of Central Banks (CSCB) and CCB and ensure entrenched Central Bank Independence (CBI), particularly with regard to instrument, personnel and financial independence. Informing and mobilizing key Stakeholders and the public on the legislative and administrative changes regarding the CMU Charter, Bill or Protocol of CCB of COMESA System of Central and CCB 2012 2014 CMI, CCBG, Monetary and Exchange Rate Policies Committee of Monetary and Financial Affairs Preparation of institutional, administrative and legal framework for setting up the common Central Bank and single currency of Monetary Union 2012 2014 Vigorous Public education campaigns about the net Make every effort to involve the print and the electronic media as 2013 -2014
Report-of-the-9th-Meeting-of-MERP-Sub-Committee-September-2011.docx