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Buhari to open African central banks’ meeting tomorrow 

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Muhammadu Buhari, President of Nigeria, / AFP PHOTO / Olivier Douliery

Muhammadu Buhari, President of Nigeria, / AFP PHOTO / Olivier Douliery

President Muhammadu Buhari is scheduled to declare open the 39th Ordinary Meeting of the Association of African Central Banks (AACB) in Nigeria tomorrow.

The Central Bank of Nigeria (CBN) will host the meeting with the theme: “Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa”.

The forum will discuss avenues through which the apex banks can unwind the impact of unconventional policies so that monetary policy can return to its core function of stabilizing short-term prices.

It will also “address various strands of the broader picture by looking at the implications of the unwinding against not doing so;, likely impacts that may follow the unwinding and how they can be mitigated; implications on financial stability; and the role of fiscal policy in closing any gaps opened up in the process.”

A host of international speakers from the academia, central banking and government circles are expected to share both theoretical and practical experience with the assembly.

The AACB Assembly of Governors Meeting of Friday, August 19, 2016, is to be preceded by meetings of the AACB Technical Committee and the AACB Bureau billed for Monday, 15 and Wednesday 17 August 2016, respectively; as well as the AACB symposium to be graced by Buhari.

Expectedly, CBN Governor, Godwin Emefiele, who is also the Vice Chairman of the group and the Chairman, Lucas Abaga Ncama, the Governor of the Central Bank of Central African States, among others from the five sub-regions based on the African Union regional classification, will be there.


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