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Francophone countries to benefit from Commonwealth debt management system

The unique Commonwealth software used by more than 50 countries to manage their national debt will shortly expand into francophone countries. The French version of the Commonwealth Secretariat Debt Recording and Management System (CS-DRMS 2000+) was launched recently by Commonwealth Secretary General, Don McKinnon and Boutros Boutros Ghali, Secretary General of the organisation internationale de la Francophonie at Marlborough House in London, states a commonwealth news release.

The Commonwealth and La Francophonie which is funding the translation will work together to implement the French version of the software in Francophone developing countries. The system aims to improve economic performance by helping countries and organisations to record and manage debt. First developed by the Commonwealth Secretariat in 1985 it is already in use in 43 commonwealth countries.

Before the launch Mr. McKinnon and Dr. Boutros Ghali met to discuss existing and potential new areas of collaboration between the two organisations. They reviewed current activities in the area of trade, such as a joint bid for EU funding to provide technical assistance in trade to African, Caribbean and Pacific countries. They also exchanged views on how best the Commonwealth and La Francophonie can support the New Partnership for Africa's Development (NEPAD).

The Secretaries General agreed to explore closer collaboration on the promotion of democratic values and practices. They also agreed to look at ways in which the organisations could work together on education and youth employment programs.

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