Governor Dr Priscilla Muthoora Thakoor underlines the pivotal role of the AACB in furthering economic and financial cooperation and integration across Africa at its 47th Meeting of the Assembly of Governors in Cameroon
The 47th Assembly of Governors of the Association of African Central Banks (AACB) was held today in Yaoundé, Cameroon. The session was chaired by Bank of Mauritius Governor, Dr Priscilla Muthoora Thakoor.
The high-level gathering, preceded by a series of technical meetings and the Governors’ Symposium, enabled the central bank Governors, policymakers, and international partners to further advance Africa’s monetary and financial integration agenda.
The African Union Commission, the Pan-African Payment and Settlement System and United Nations Women Agency also participated in the meeting. The presence of these organisations underscored the AACB’s commitment to broad-based engagement and partnership.
Central to the Agenda was the review by Governors of the progress achieved by member countries on the African Monetary Cooperation Programme (AMCP). The AMCP remains a cornerstone in the continent’s journey towards greater monetary convergence and integration.
Key discussions during the Assembly included acceleration of the establishment of the African Monetary Institute, endorsement of the Community of African Banking Supervisors’ 2026-2028 work programme, and the integration of payment systems across the continent by leveraging national and regional infrastructures.
The African Financial Stability Committee (AFSC) of the AACB, with the Bank of Mauritius as the outgoing Chair, presented its inaugural African Financial Stability Report. The report, covering 46 countries and representing 90% of Africa’s GDP, assesses financial stability frameworks and makes recommendations to improve financial sector resilience across the continent. The Bank of Mauritius has been selected to chair the Macroprudential Policy Development and Implementation Working Group under the aegis of the AFSC.
In her concluding remarks, Dr. Priscilla Muthoora Thakoor expressed appreciation for the active participation of all delegates and reaffirmed the collective commitment to deepening monetary cooperation, strengthen financial sector resilience, and accelerate payment systems integration. Governor Muthoora Thakoor stated: “The Bank of Mauritius is privileged to have chaired the AACB during the past year and participated in furthering economic and financial cooperation and integration on the African continent. The Yaoundé meeting underscores the AACB’s pivotal role in shaping a resilient, integrated, and sustainable African financial system.”
At the close of the Assembly, the Governors elected the Governor of the Banque des États de l’Afrique Centrale, Mr Yvon Sana Bangui, as AACB Chairperson for the forthcoming year.
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