By Sizwe Dlamini
The Central Bank of Eswatini (CBE) has set the stage for two significant international gatherings in May 2024, which align perfectly with the Bank’s 50th Anniversary celebrations.
CBE Governor Phil Mnisi made the announcement during the 2nd Edition of the Bank’s media engagement, themed ‘Tee and Coffee with The Governor,’ held at the Ezulwini golf course.
On May 22nd, 2024, the Central Bank of Eswatini will play host to the Alliance for Financial Inclusion (AFI) Meeting, an esteemed gathering dedicated to promoting financial inclusion policy and regulation worldwide. AFI, boasting a membership network spanning 84 countries, empowers policymakers to develop evidence-based solutions aimed at enhancing access to quality financial services for underserved populations.
The Governor underscored the significance of AFI’s mission, stating, “AFI offers opportunities for peer learning, knowledge exchange, and peer transformation and advancing financial inclusion at country, regional, and international levels.”
The Central Bank hopes to host the Meeting at their new premises that are currently under construction.
Before the AFI meeting, the Central Bank will also host the SADC Committee of Central Bank Governors’ Meeting on May 7, 8, and 9, a pivotal event on the financial calendar of the Southern African Development Community (SADC). This year’s gathering holds particular importance as it coincides with the bank’s 50th Anniversary celebrations, with foreign Governors expected to partake in the festivities.
Governor Mnisi emphasized the meeting’s role in facilitating dialogue and collaboration among Central Banks on critical issues such as financial regulation, national payments, and currency progress.
A highlight of the SADC Committee of Central Bank Governors’ Meeting will be the Symposium, featuring external stakeholders and addressing pressing challenges facing the global economy. The keynote address will be delivered by Governor Lesetja Kganyago of the South African Reserve Bank, who also chairs the SADC Committee of Central Bank Governors.
The chosen topic for the Symposium, derived from the IMF’s perspective on the challenges of Monetary Policy, reflects the complex economic landscape shaped by events such as the COVID-19 pandemic and the Russia-Ukraine conflict amongst others.
As preparations for these international events gain momentum, the CBE reaffirms its commitment to fostering collaboration, driving financial inclusion, and contributing to sustainable economic development.