YAOUNDE: A call to accelerate the establishment of the African Monetary Institute, as well as exploring ways to strengthen payment systems cooperation through the use of national and regional infrastructures, are among the key issues Africa’s Central Banks governors discussed broadly in their meeting convened in Cameroon.
The Deputy Governor of the Bank of Tanzania (BoT), Dr Yamungu Kayandabila, has attended the 47th Annual Meeting of the Association of African Central Banks (AACB), where, among many other things, the governors at the meeting approved the 2026/2028 work program of the Association of African Bank Supervisors.
Moreover, the governors also discussed accelerating the establishment of the African Monetary Institute as well as exploring ways to strengthen payment systems cooperation through the use of national and regional infrastructures.
Speaking during the opening of the symposium, the Governor of the Bank of Central African States (BEAC), Yvon Sana Bangui, said that climate change has become a real challenge facing financial authorities, and its effects are directly visible in economies, financial systems, and national resilience.
Additionally, he said that the central banks have a responsibility to integrate the risks into policies, macroeconomic frameworks, and instruments for safeguarding financial stability.
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The meeting that took place in Yaoundé, Cameroon, was conducted under the theme “Climate Change and Macroeconomic Stability: The Role of Central Banks” and chaired by the session’s Chairperson, the Governor of the Bank of Mauritius, Dr Priscilla Thakoor.
The high-level meeting concluded a series of technical sessions and the governors’ Symposium, bringing together central bank leaders, policymakers, and international partners with the aim of advancing the agenda of financial cooperation across Africa.
The main goal of the meeting was to review progress made under the African Monetary Cooperation Program (AMCP), which serves as an essential foundation guiding the continent’s journey toward financial integration and convergence.