The COMESA Monetary Institute was established in 2011 to undertake all technical activities that are needed to enhance the COMESA Monetary Cooperation Programme. Since its establishment, the institute has undertaken capacity building and research activities related to improving macroeconomic management and financial stability in the region. More specifically, the institute focuses on the implementation of the COMESA Multilateral Fiscal Surveillance Framework. The main emphasis of this intervention is to ensure the viability and sustainability of the COMESA monetary integration agenda and make the region a zone of macroeconomic stability.
The other is the COMESA Financial System Development and Stability Plan; the main objective of this intervention is to achieve Regional Financial Integration (RFI). The RFI facilitates financing of larger real transactions among member countries of the region. RFI is thus a complementary process to trade and services integration among member countries. It should be noted that trade integration would be facilitated and accelerated if the financial sectors of member countries are well developed and integrated.
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