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Author Archives: Sandra Sadera

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Monetary Integration is achievable – Central Bank chiefs

Governors of Central Banks and representatives from eleven COMESA countries have reiterated that achieving monetary integration is possible and it will be enabled if Member countries have larger and deeper financial markets. Other factors such as having more competitive banking sectors, stronger institutional and regulatory environment and more transparent central banks also need to be in place. The Bank chiefs ... Read More »

Governors Lobby for Regional Payment System to Facilitate Intra-COMESA Trade

The bureau of the COMESA Committee of Governors of Central Banks has urges all member Central Banks to sensitize stakeholders to promote use of the Regional Payment and Settlement System (REPSS). The REPSS is a Multilateral Netting System with end-of-day settlement in a single currency in a multicurrency environment. At the 38th meeting of the Bureau of the COMESA Committee ... Read More »

CMI, MS have Completed Studies to Improve Macroeconomic Management

Three studies aimed at improving macroeconomic management in COMESA Member Countries have been completed. The studies were conducted by Member Central Banks and the COMESA Monetary Institute (CMI). They covered modelling and forecasting inflation dynamics; modelling the spill-over effects of volatility in international commodity prices on financial stability and assessing, using panel data analysis banks’ lending channel of monetary transmission ... Read More »

CMI equips Central Banks in detecting early stage capital distress

The COMESA Monetary Institute recently held a validation workshop on the manual on ‘Non-linear multinomial models used to predict banks with an early stage of capital distress and banking sector downgrades’. CMI Director Mr. Ibrahim Zeidy observed that it is important for Central Banks in the Region to be able to identify in good time, financial institutions helps to manage ... Read More »

COMESA Monetary Institute Holds a Training on Most Influential Agreements in Modern International Finance

The COMESA Monetary Institute (CMI) in collaboration with IMF’s Regional Technical Assistance Centers for Eastern and Southern Africa (AFRITACs East and South), conducted training on “Enhancements to the Basel Process in view of recent developments relating to Basel II & Basel III” for central bank and bank supervisory agency officials. Participants who attended the training came from Burundi, DR Congo, ... Read More »

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