The Bank of Mauritius published a release on its hosting of the Financial Stability Board Regional Consultative Group for Sub-Saharan Africa meeting in Mauritius on July 16, bringing together central bank governors, senior officials, financial sector regulators and international organisations. The discussions focused on developments affecting global and regional financial stability, with particular attention to how the evolving macro-financial environment could affect Sub-Saharan Africa. Participants examined the outlook for the international financial system against heightened geopolitical uncertainty, elevated public debt levels, tighter global financial conditions and other risks to financial resilience. They also reviewed progress on the Financial Stability Board’s 2026 work programme, including work on emerging vulnerabilities, and discussed cross-border payment challenges in Sub-Saharan Africa, perspectives of emerging markets and developing economies on stablecoins, and the impact of extreme weather events on the economy and financial stability. In opening remarks, Governor Priscilla Muthoora Thakoor stressed the role of sustained international cooperation in addressing emerging financial stability risks.

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