CBE governor heads Egypt delegation at 48th annual AACB meetings

Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), headed Egypt’s delegation at the 48th annual meetings of the Association of African Central Banks (AACB), hosted by the Central Bank of Kenya from 13 to 18 September in Nairobi, with the participation of governors of 34 central banks out of the Association’s 41 member central banks representing 53 African countries. The CBE Governor participated in several high-level meetings, including the annual Governors’ Symposium, held under the theme “Monetary Integration and Fiscal Sovereignty in Africa: Strategic Insights into Reducing the Continent’s Dependence on International Institutions”. The symposium concluded in the presence of the President of Kenya.

He also participated in the annual meeting of the Board of Governors, where the Association’s activities during the current year and its work programme for the coming year were reviewed, with a number of decisions taken. The Board meeting was preceded by meetings of the Technical Committee of Experts and the Bureau from 13 to 16 September. In addition, the Board of Governors approved the composition of the Association’s Bureau of Governors for the coming year, with the CBE joining the Bureau as Deputy Chair of the North Africa region, paving the way for Egypt to assume the region’s chairmanship in 2028. The Governor and the President of the Republic of Kenya during the meetings of the Association of African Central Banks The Board also approved the publication of the second edition of the African Financial Stability Report, building on the success of the first edition, which marked an important step towards developing a comprehensive framework for monitoring and assessing risks that could affect financial stability across the continent. The report is one of the…