The Central Bank of Egypt (CBE) said Monday that it hosted the first meeting of a pan-African working group tasked with drafting the continent’s inaugural Financial Stability Report.
The report is aimed at strengthening regulatory coordination and boosting investor confidence.
The three-day talks in Cairo, held under the patronage of CBE Governor Hassan Abdalla, brought together representatives of central banks from across Africa, including the South African Reserve Bank (SARB), the Central Bank of West African States (BCEAO) and the Bank of Central African States (BEAC).
The working group operates under the African Financial Stability Committee (AFSC), launched by the Assembly of Governors of the Association of African Central Banks (AACB) in December 2024.
Its mandate is to assess risks to banking and non-banking sectors, payment systems and financial markets and to align macroprudential frameworks across member states.
The group’s first report will be presented at the AACB’s meeting in Cameroon in November 2025.
It will cover five areas: adoption of macroprudential policy, global and regional economic trends, systemic financial risks, resilience of financial institutions and markets, and progress toward integration of African payment systems.
The CBE will lead the working group and serve as secretariat of the African Financial Stability Committee, underscoring its role in coordinating regional efforts and advancing institutional cooperation.
