COMESA Committee of Governors of Central Banks wants all COMESA member countries to fully utilize the Regional Payment and Settlement System. In their 22nd Meeting that took place in Bujumbura, Burundi 29- 30 March 2017, the Governors appreciated the progress that has been achieved in the implementation of the system with nine countries now live on the Regional Payment and …

The COMESA Monetary Institute (CMI) is building the capacity of member  States Central Banks to mitigate the effects of both internal and external shocks on financial stability. Last week, the Institute hosted a validation workshop from 29th to 30th August, 2016 to review studies conducted by Member Central Banks and CMI on the impact of economic problems emanating from outside …

The COMESA Monetary Institute is training member states on Practical Application of stress testing methods to the financial system for Central Banks. The first nine countries comprising the Democratic Republic of Congo, Egypt, Kenya, Malawi, Sudan, Swaziland, Uganda, Zambia and Zimbabwe went through the training on 18 to 21 July 2016 in Nairobi, Kenya. Stress testing helps in identifying possible …

The COMESA Monetary Institute (CMI) held training on international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by operations. The training which was referred to as BASEL II and III also covered Macro-prudential Surveillance for Central Banks from the region. Participants were drawn from Central Banks of seven member States including DR Congo, …

The COMESA Monetary Institute (CMI) has conducted training on “Advanced Panel Data Analysis with special application on channels of monetary transmission mechanism and interest rate spread. The overall objective of the training conducted from 30th May to 3rd June, 2016 in Nairobi Kenya was to equip the participants with the required panel data analysis skills to be able to carry …