6.Design procedures for CMI, IMF, AfDB March June 2012 Technical and undertaking formal surveillance and member 2012 Financial Assistance countries to be sought from Cooperating Partners (AfDB, EU, IMF 7.Ministries of Finance of Member Member Countries June 2012 July 2012 Countries before their parliament/ National Assemblies for the approval of the agreed regional convergence criteria commitment that those criteria will guide the country’s convergence programme 8.Prepare Memorandum of CMI and Legal January January 2012 Understanding for collaboration and Institutional 2012 of AfDB and IMF in the Department of COMESA Multilateral Fiscal COMESA Surveillance Process Secretariat 9.Amendment of the COMESA Legal and January Dec 2012 Treaty for the creation of the Institutional 2012 Convergence Council Department of COMESA 10. Endorsement of the creation of COMESA Policy October October 2012 the Convergence Council Organs 2011 11. Preparation of TOR, Rules of COMESA January March 2012 Procedures for the Secretariat and 2012 Convergence Council CMI 12 TORs for 3 Separate COMESA January January 2012 Committees of Governors of Secretariat and 2012 Central Banks, Ministers of CMI Finance and Ministers of Trade for overseeing reform measures in their respective areas of competence 13. Establishment of the COMESA COMESA June 2012 June 2012 Fiscal Unit within the Secretariat Secretariat 14 Preparation of Terms of CMI and AfDB 2012 March 2012 Technical and Reference for the Task Force Financial Assistance to undertake a study on to be sought from COMSWAP Facility Cooperating Partners (AfDB, EU, IMF) 15. .Establishment of a Task Force COMESA March April 2012 Technical and to undertake a study on Secretariat CMI 2012 Financial Assistance COMSWAP Facility and Member to be sought from countries Cooperating Partners (AfDB, EU, IMF 16..Develop Operational CMI, AfDB and June 2012 September Technical and Modalities of the COMSWAP Member countries 2012 Financial Assistance Facility to be sought from Cooperating Partners (AfDB, EU, IMF 17.Develop guidelines to CMI, AfDB and June 2012 September Technical and Implement Excessive Slippage Member countries 2012 Financial Assistance Procedures to be sought from Cooperating
6.Design procedures for undertaking formal surveillance CMI, IMF, AfDB and member countries March 2012 June 2012 Technical and Financial Assistance to be sought from Cooperating Partners (AfDB, EU, IMF 7.Ministries of Finance of Member Countries before their parliament/ National Assemblies for the approval of the agreed regional convergence criteria commitment that those criteria will guide the country’s convergence programme Member Countries June 2012 July 2012 8.Prepare Memorandum of Understanding for collaboration of AfDB and IMF in the COMESA Multilateral Fiscal Surveillance Process CMI and Legal and Institutional Department of COMESA Secretariat January 2012 January 2012 9.Amendment of the COMESA Treaty for the creation of the Convergence Council Legal and Institutional Department of COMESA January 2012 Dec 2012 10. Endorsement of the creation of the Convergence Council COMESA Policy Organs October 2011 October 2012 11. Preparation of TOR, Rules of Procedures for the Convergence Council COMESA Secretariat and CMI January 2012 March 2012 12 TORs for 3 Separate Committees of Governors of Central Banks, Ministers of Finance and Ministers of Trade for overseeing reform measures in their respective areas of competence COMESA Secretariat and CMI January 2012 January 2012 13. Establishment of the COMESA Fiscal Unit within the Secretariat COMESA Secretariat June 2012 June 2012 14 Preparation of Terms of Reference for the Task Force to undertake a study on COMSWAP Facility CMI and AfDB 2012 March 2012 Technical and Financial Assistance to be sought from Cooperating Partners (AfDB, EU, IMF) 15. .Establishment of a Task Force to undertake a study on COMSWAP Facility COMESA Secretariat CMI and Member countries March 2012 April 2012 Technical and Financial Assistance to be sought from Cooperating Partners (AfDB, EU, IMF 16..Develop Operational Modalities of the COMSWAP Facility CMI, AfDB and Member countries June 2012 September 2012 Technical and Financial Assistance to be sought from Cooperating Partners (AfDB, EU, IMF 17.Develop guidelines to Implement Excessive Slippage Procedures CMI, AfDB and Member countries June 2012 September 2012 Technical and Financial Assistance to be sought from Cooperating
Report-of-the-9th-Meeting-of-MERP-Sub-Committee-September-2011.docx