Public Finance & Monetary Policy Chamber

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.

PFMC

Issues currently on the agenda include:

  • National Budget processes
  • Development Finance Institutions (DFIs)
  • Financial Sector Charter Council
  • Financial Education and Promotion of Savings
  • Implementing the Finance Protocol for Rural development and renewal nodes
  • Monetary Policy
  • Financial Sector Policy
  • Tax Compliance

Recent Achievements:

Achievements and Agreements Reached

Futher information about the work of the chamber can be found in Nedlac's Annual reports:

1996199719981999200020012002200320042005200620072008200920102011

 

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