Africa
South Africa's central bank reduces MPC meetings
SOUTH AFRICA - The South African Reserve Bank is to reduce the frequency of its regular six-weekly monetary policy committee meetings to once every quarter, the bank said Thursday.
S Africa ctrl bk may move against Rand speculators
SOUTH AFRICA - Tito Mboweni, South Africa's Reserve Bank governor may move to stamp out the use of local finance to fund speculative attacks against the rand, the daily Business Day newspaper reported Friday 28 September.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
Africa urged to speed up market integration
SOUTH AFRICA - Africa must step up efforts to integrate its financial markets, but the creation of a single bourse is still a long way off, African central bankers and exchange officials said on 15 August.
Observations on recent economic developments
SPEECH - Address by Mr. T. T. Mboweni, Governor of the South African Reserve Bank, Southern African-German Chamber of Commerce and Industry, 13 July.
S.African central bank says launching MPC review
SOUTH AFRICA - South Africa's central bank said today, 26 July, it was launching a review of the operations of its 14-member monetary policy committee (MPC) which would be completed by the end of September 2001.
S.Africa's Mboweni urges black empowerment support
SOUTH AFRICA - South Africa's central bank governor Tito Mboweni said that although laws could help address the issue of black empowerment in South Africa, public commitment was crucial.
Putting Africa Front and Center
SPEECH - Remarks to the United Nations Economic and Social Council by James Wolfensohn, President of The World Bank Group, Geneva, Switzerland, 16 July.
South Africa banks fear effects of brain drain
SOUTH AFRICA - South Africa's banks have identified skill shortages as the biggest threat facing the industry.
T T Mboweni: Building Africa's future
SPEECH - Address by Professor TT Mboweni, Governor of the South African Reserve Bank, at the 6th Africa Regional Girl Guides Conference, Cape Town, 2 July.
IMF Concludes Article IV with South Africa
SOUTH AFRICA - On 19 March 2001, the Executive Board of the International Monetary Fund concluded the Article IV consultation with South Africa.
South African growth levelled in first quarter
SOUTH AFRICA - The Central Bank of South Africa reports that growth levelled in the first quarter of 2001.
Financial Regulation in South Africa 2000
Book - The South African Reserve Bank has published a book on the theory and practice, goals, trends, and instruments of financial regulation. It is titled "Financial Regulation in South Africa 2000" and is co-authored by Hans Falkena, Roy Bamber, David…
Expanded monetary union in West Africa
ARTICLE - In an article published in the IMF's quarterly magazine, IMF economists R.D. Asante and Paul Robert Masson talk with Jacqueline Irving of the IMF's external relations department about the pros and cons of expanded monetary union in West Africa.
Swazi banking system undergoes modernisation
SWAZILAND - Along with other countries of the Southern Africa Development Community, Swaziland is revamping its banking system up to international standards, Bank of Swaziland Governor Martin Dlamini said on Apr 6, 2001.
IMF articles on reform and restructuring in Asia
ARTICLES - The International Monetary Fund has published the March issue of its quarterly magazine Finance and Development. There are six articles on reform and restructuring in Asia. Other articles on the role of capital in development, the effect of…
Breaking the Cycle of World Poverty-Horst Koehler
Horst Kohler, Managing Director of the International Monetary Fund gave a speech at the conference on "Child Poverty, Education, and Health" in London, February 26, 2001. He says he has learnt a lot from his discussions with sub-Saharan African leaders…
West Africa welcomes common monetary institute
The opening of the West African Monetary Institute (WAMI) is an onset of a credibility building process to create an acceptable common currency for member countries, local media reported on Feb. 1, 2001.
BCEAO calls for diversification of production base
The board of directors of the Central Bank of West African States or BCEAO has urged member states to further diversify their production bases, accelerate integration and the implementation of common sector policies within member countries.
Cameroon to go it alone with national bourse
Cameroon has announced the creation of a national stock exchange, just days after Central African leaders chose Libreville in Gabon rather than Cameroon's economic capital of Douala as the seat for a regional bourse.
Cote d'Ivoire urges UEMOA solidarity
Ivorian commerce and industry minister, Bohoun Bouabre, has called for greater cooperation among the eight-nation West African Economic and Monetary Union (UEMOA).
US academic applauds S.Africa's monetary policy
A leading Harvard University academic endorsed the South African Reserve Bank's inflation targeting on Tuesday and said the country's monetary policy was in sound health.
Nigeria cenbank cuts lending rate to banks to 14%
The Central Bank of Nigeria announced on Thursday it had slashed its benchmark minimum rediscount rate (MRR) by 200 basis points to 14%, saying this reflected the low level of inflation in the West African country.
Mboweni says rand's fall due to external factors
The South African rand was pummelled Tuesday by external factors such as escalating tensions in the Middle East, dollar strength, the anticipated outcome of the US elections and a failure by the European Central Bank to intervene on behalf of the…