Scope of Work
The Public Finance and Monetary
Policy Chamber seeks to develop and reach consensus as well as
arrive at agreements on all matters pertaining to the framework
within which financial, fiscal, monetary and exchange -rate
policies are formulated. It also seeks to enhance the co-ordination
of fiscal and monetary policy and related elements of
macroeconomics policy as well as the institution of delivery.
Chambers Modus Operandi
Most of the substantive work of the
Chamber is done in Task Teams comprising of representatives of
stakeholders that have specific knowledge of the relevant subject
matter. The work of the Task Team is governed by Terms of
Reference, which are developed by the Chamber. The outcome of work
done in the Task Teams is submitted to the Chamber for
consideration and ratification. Once the Task Team report is signed
off by the Chamber, it is then tabled at the Management Committee
for final consideration and sign off.
The Chamber is required to meet at
least six (6) times in each financial year. Representation in the
chamber is made up of six (6) mandated representatives from
organised Labour, Business and Government.
Issues currently on the agenda include:
- National Budget processes
- Development Finance Institutions (DFIs)
- Financial Sector Charter Council
- Education and promotion of Savings
- 5% Investible Income
- Social Security and Retirement Fund Reforms
- Macro Social Strategic Framework
- Modelling and scenario planning programme for ASGISA and NIPF
goals
- Implementing the Finance Protocol for Rural development and
renewal nodes
- Review SA'S experience in managing the relationship between
macroeconomic variables e.g. Exchange rate, prices and interest
rates
- National Credit Act
- National Poverty Measures and National Poverty Line
Achievements and Agreements
Reached
Futher information about the work of the chamber can be
found in Nedlac's Annual reports:
1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007
|
2008 | 2009