President Muhammadu Buhari will declare open the 39th Ordinary Meeting of the Association of African Central Banks (AACB), being hosted by the Central Bank of Nigeria (CBN), on Thursday, August 17, 2016.
A statement from CBN said the meeting is expected to discuss avenues through which African Central Banks can unwind the impact of unconventional policies so that monetary policy can return to its core function of stabilising short term prices.
The meeting will also address the 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.
The AACB Assembly of Governors Meeting of Friday, August 19, is to be preceded by meetings of the AACB Technical Committee and the AACB Bureau billed for Monday, 15 and Wednesday 17 August respectively; as well as the AACB symposium expected to be graced by President Buhari.
Expected to be guests of Nigeria’s Central Bank Governor, Mr. Godwin Emefiele, who is also the vice chairman of the group, is the AACB chairman and Governor of the Central Bank of Central African States (Banque des Etats de l’Afrique Centrale – BEAC), Mr. Lucas Abaga Ncama and his colleagues from across the five sub-regions based on the African Union regional classification.