English Bus/Financial Accounting

Another issue in a presentation on a multinational company’s outlook and strategic priorities for 2012 and beyond.
Headings of the individual slides include such titles as Commercial, Supply, Finance, HR, IT, Purchasing and Restructure Plan.
The text on the Finance slide reads as follows:
• ‘’Budgets agreed and loaded
• Effective ME closing in January & February
• Financial delegation table issued
• Transfer pricing rules sent to all countries’’

I am not sure about the meaning of the phrase ‘’ME closing’’.
This might mean ‘’month-end’’ closing, but in my opinion ‘’year-end closing’’ would probably make more sense in the context.
Any help would be greatly appreciated.