Abuja to host African central bank governors’ meetings

The 2016 Annual Meetings of the Association of African Central Banks (AACB) have been scheduled to hold in Abuja, Nigeria from 15-19 August, 2016. As usual, the meeting of the Assembly of Governors will be preceded by a technical committee and Bureau meetings from August 15-17, 2016 as well as a Symposium on August 18, 2016 with the theme: “Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa”

The Symposium scheduled to hold at the CBN Head Office, Central Area, Abuja will be declared open by President Muhammadu Buhari, while the Keynote address will be delivered by Prof. Mario Draghi, Governor, European Central Bank. Speakers at the symposium include Professor Njuguna Ndung’u, Former Governor, Central Bank of Kenya and Dr. Augustin Carstens, Governor, Central Bank of Mexico.

The concept for the formation of an Association of African Central Banks was first introduced on May 25, 1963, at the Summit Conference of African Heads of State and Government held in Addis Ababa, Ethiopia. In this regard, African Heads of State and Government unanimously agreed to set up a preparatory Economic Committee to study a large range of monetary and financial issues, in collaboration with Governments and in consultation with the Economic Commission for Africa (ECA).