What are the Role and objectives of RISM

What are the Role and objectives of RISM

The primary objective of the Regional Integration Support Mechanism (RISM) programme is to improve the implementation of regional commitments at the Member State level. The commitments are defined through a set of defined indicators, against which all countries that are eligible for RISM funding, provide annual targets. The RISM program has two distinct cycles. The first cycle relates to the core function of RISM which is the formulation, implementation and Monitoring of the Regional Integration Implementation Programmes (RIIP) and its associated Progress Monitoring Report (PMR).

The main objective of the first cycle is for the periodic review of the achievement of set targets outlined in RIIPs and on that basis approved resources allocations from the COMESA Adjustment Facility (CAF).

The second cycle, which is a secondary process, involves the formulation and implementation of projects for those countries whose disbursements are through the project support modality. The project cycle provides an alternative disbursement modality for the countries that are not eligible for budget support.

While the budget support modality involves the transfer of funds to the Ministry of Finances of the Member States as soon as the allocation is validated by the EU, the project support modality involves formulating a Project Document, including specific objectives and budget lines for specific activities to be funded by the country allocation.