Bank of Mauritius chairs AACB 47th Assembly and will lead the African Financial Stability Committee’s macroprudential policy working group

The Bank of Mauritius published highlights from the 47th Assembly of Governors of the Association of African Central Banks (AACB) in Yaoundé, Cameroon, chaired by Governor Dr Priscilla Muthoora Thakoor, where governors reviewed progress under the African Monetary Cooperation Programme and discussed priorities for Africa’s monetary and financial integration agenda. The meeting also saw the presentation of the inaugural African Financial Stability Report and the selection of the Bank of Mauritius to chair the Macroprudential Policy Development and Implementation Working Group under the AACB’s African Financial Stability Committee (AFSC). Key agenda items included accelerating the establishment of the African Monetary Institute, endorsing the Community of African Banking Supervisors’ 2026–2028 work programme, and advancing integration of payment systems by leveraging national and regional infrastructures. The inaugural African Financial Stability Report covers 46 countries representing 90% of Africa’s GDP and assesses financial stability frameworks, setting out recommendations aimed at improving resilience across the continent; the Bank of Mauritius was the outgoing chair of the AFSC. The African Union Commission, the Pan-African Payment and Settlement System and UN Women participated in the Assembly. Governors elected Banque des États de l’Afrique Centrale Governor Yvon Sana Bangui as AACB chairperson for the forthcoming year, marking the handover from the Bank of Mauritius following its year as AACB chair.