The Association of African Central Banks (AACB)

Mar 27, 2013
The Partnership Secretariat "Making Finance Work for Africa" (MFW4A) contacted Mr. Samuel Meango, Permanent Secretary of the Association of African Central Banks (AACB) for him to present his organization.

Could you briefly introduce the AACB?

The creation of the AACB follows the decision by Heads of State and Governments of the Organization of African Unity (OAU) on May 25, 1963, in Addis Ababa, Ethiopia, in view of setting up a Preparatory Economic Committee. The Committee had to conduct a study on a wide range of monetary and financial issues in collaboration with governments and after consultation with the United Nations Economic Commission for Africa (ECA). The first AACB meeting of Governors was held in Addis Ababa, Ethiopia on February 15th-22nd, 1965, mainly to examining a cooperation mechanism and its related organs. Since then, the Association has, in addition to various extraordinary meetings, organized 35 ordinary sessions.