MACROECONOMIC POLICY MANAGEMENT ACADEMY FOR AFRICA (MEMA)
Capacity weaknesses in macroeconomic policy management in African countries continue to hamper effective macroeconomic decision-making and management, and appropriate policy responses to shocks. While some African countries have made progress in macroeconomic management during the past decade, capacity in all its forms (individual, organizational, and institutional) remains a binding constraint to development. Good macroeconomic policy design is critical for the successful implementation of economic policies and reforms and appropriate responses to shocks. Overall, sound macroeconomic policy management is essential for countries to achieve the macroeconomic stability necessary for sustainable and inclusive economic growth and development and building resilience.
The MEMA plays a crucial role in addressing capacity weaknesses in macroeconomic policy management in African countries. It provides the platform and capability for the African Development Institute (ADI) to respond effectively to capacity development needs of regional member countries (RMCs) in macroeconomic policy management.