EIGHTH CALL FOR SUBMISSIONS UNDER THE COMESA ADJUSTMENT FACILITY (CAF)
The COMESA Adjustment Facility (CAF) provides for support to COMESA Fund Member States to enable them make the necessary fiscal, economic and social adjustments that inherently accompany the implementation of regional integration commitments. This includes broad adjustment support for the implementation of policies and programmes relating to trade liberalization reforms and regional integration efforts that are in consonance with the COMESA integration agenda.
The CAF currently has funds under the Regional Integration Support Mechanism (RISM), a programme funded by the European Union (EU) under the 10thEuropean Development Fund (EDF). The specific objective of RISM is to support Member Countries to participate more fully in the COMESA, EAC and Tripartite Free Trade Areas and COMESA and EAC Customs Unions and Common Market with minimum disruption to public expenditure commitments as well as enabling them to implement economic reform programmes in the context of regional integration.
Seven Calls for submissions have been launched from the time the CAF became fully operational and have provided different levels of financial and technical support to the Member States. This current call is the eighth and last Call for Submissions to be issued for continued support to eligible countries that have established Regional Integration Implementation Programmes (RIIPs). The financing modalities under which each Member State is eligible to receive RISM financial support in 2017 will be determined by the EU at the point of assessment of the submissions and at the point of disbursement of funds. The COMESA Secretariat will provide the necessary guidance to Member States about their respective eligibility status when the EU provides its assessment. In order to guide the preparation of documents in response to this Call, detailed Guidelines for CAF/RISM Support and Related Annexes are included as Attachment 2.
The objective of the 8th Call for Submissions is to invite Member States already implementing RIIPs, approved under previous Calls for Submission (3rd – 6th Call for Submissions), to submit their final Progress Monitoring Reports (PMRs) against performance of 2016 targets. The 8th Call for Submissions will allow for an overall evaluation to be undertaken in relation to the achievement of indicators under the Performance Assessment Framework (PAF). Member States are therefore urged to give clear status of implementation of all applicable indicators as at June 2017.
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