Wednesday، 08 August 2018 - 03:21 PM
The Central Bank of Egypt (CBE) hosts on Wednesday 8/8/2018 the 41st annual meetings of the board of governors of the Association of African Central Banks (AACB) in Sharm El Sheikh city for the first time. The five-day meetings are held under the sponsorship of President Abdel Fattah El Sisi and they coincide with the 50th anniversary of the association establishment.
The meetings are considered one of the most important economic and banking events at the African level, as a number of governors of African Central Banks attended the meeting.
A number of regional and international institutions also partake in the meetings including the International Monetary Fund, World Bank, African Union Commission, European Central Bank, Federal Reserve Bank of New York and Common Market for Eastern and Southern Africa (COMESA).
Established in 1968, AACB aims at promoting cooperation in the monetary, banking and financial spheres in the African region, assisting in the formulation of guidelines for agreements among African countries in the monetary and financial fields, helping to strengthen monetary and financial stability in the region and examining the effectiveness of international economic and financial institutions in which African countries have an interest and suggesting ways of their possible improvement.
- Prime Minister Moustafa Madbouli opened the annual meetings of the Association of African Central Banks (AACB) in the Red Sea resort of Sharm El Sheikh.
- Prime Minister Moustafa Madbouli addressing the annual meetings of the Association of African Central Banks (AACB) and asserted Egypt's keenness on strongly contributing to the development process of the African continent.
- Governor of the Central Bank of Egypt (CBE) Tarek Amer addressing meetings of the Association of African Central Banks (AACB) and said that the economic conditions in Egypt have very much improved over the past three years after applying the comprehensive economic reforms.