Loading...

Bank of Namibia

Summary

Find out more about CMA Governors Meeting Convene in Namibia.

CMA Governors Meeting Convene in Namibia
18 November 2024 | Media Release
 

On 15 November 2024, the Bank of Namibia hosted a high-level meeting of the Common Monetary Area (CMA) Central Bank Governors. The meeting, hosted by Governor Johannes !Gawaxab, brought together Governor Lesetja Kganyago of the South African Reserve Bank, Governor Emmanuel Letete of the Central Bank of Lesotho and Governor Phil Mnisi of the Central Bank of Eswatini. On the margins of the meeting, the Governors paid a courtesy visit to Right Honourable Saara Kuugongelwa-Amadhila, Prime Minister of the Republic of Namibia.

The quarterly meeting served as a platform to address pressing regional and global economic issues with the objective to reinforce collaboration within the CMA. The Governors, accompanied by a technical delegation, discussed initiatives to strengthen economic resilience and enhance cross-border payment system integration to address existing frictions that impact the speed, cost and customer experience while ensuring cross-border payment integrity. In this regard, international development partners such as the International Monetary Fund (IMF)/ World Bank are being engaged for support and technical assistance to address these areas of friction.

Bank of Namibia - Chatbot