Model law on PFM Adopted

Moses Magadza in Malawi LILONGWE – The 51st Plenary Assembly session of the SADC Parliamentary Forum has today (14 July, 2022) adopted the much-anticipated Model Law on Public Financial Management (PFM), raising hopes in a region in which lack of accountability in the use of public funds has perennially jinxed socioeconomic development. The Plenary Assembly is the highest decision making body of SADC PF, the deliberative body that brings together 15 national parliaments of the SADC PF. It met under hybrid conditions - largely physically and partly virtually - in the Malawian capital city of Lilongwe and was taken through…