Africa
ECOWAS central bank governors begin Accra meeting
Central bank governors of ECOWAS member countries were due to converge on Accra Wednesday 31 August for the 15th meeting of the Committee of Governors (COG) to deliberate plans to achieve macro-economic convergence criteria for the creation of a single…
SARB annual report
In remarking upon "another successful year for the South African Reserve Bank", Tito Mboweni, the governor, painted a rosy picture of the current state of the country's economy in delivering the SARB's 2005 annual report.
Mboweni downplays loan-to-Zimbabwe stories
Tito Mboweni, governor of the South African Reserve Bank (SARB), yesterday told journalists that the size of the loan to the Zimbabwean government that South Africa was considering was "nowhere near" the US$1 billion mark previously reported in the press.
Zimbabwe teeters on the edge of Fund exit
Zimbabwe's deteriorating economy means it faces the risk of expulsion from the IMF, as a team from the Fund arrived on August 22 ahead of the September meeting at which a decision will be made.
Single currency in SADC remains elusive
Dreams of a regional central bank are far from fruition for the countries of the Southern Africa Development Community (SADC), according to this article published Tuesday 16 August.
IMF letter on the famine in Niger
In a letter published by The Independent newspaper on Friday 5 August, the IMF's Director of External Relations, Thomas Dawson, defended the Fund against accusations that the IMF contributed to the crisis in Niger.
Progress toward regional integration in the WAEMU
The IMF Working Paper "Ten years after the CFA franc devaluation: Progress toward regional integration in the WAEMU" takes stock of the achievements toward integration in the West African Economic and Monetary Union (WAEMU) 10 years after the 1994…
South Africa cuts dollar buying in July
Data released by the South African Reserve Bank (SARB) on Friday 5 August showed that it had lowered its dollar purchases in July.
SARB's Mboweni at G20 seminar on economic growth
In a speech given on 3 August Tito Mboweni of the South African Reserve Bank said the Reserve Bank has been making an important contribution to macroeconomic stability, creating a stable framework for growth.
G20 seminar on economic growth begins
The central banks of South Africa, Mexico and China are co-hosting a seminar in Pretoria to find ways of sustaining economic growth, particularly for the developing world.
SARB appoints new deputy governor
The President of South Africa, Thabo Mbeki, has appointed Dr Renosi Mokate as deputy governor of the South African Reserve Bank for a period of five years, effective from 1 August 2005.
SARB's Plenderleith on the Annual Report
In a speech given on 25 July Ian Plenderleith of the SARB said it remains a focus for the Bank to ensure public confidence in the South African currency. Hence a new bi-metal R5 coin was introduced in August 2004 in response to the counterfeiting threat…
SARB's Mboweni on the South African economy
In a speech given on 18 July, Tito Mboweni of the South African Reserve Bank said the path of the rand, although volatile during some periods, has remained relatively stable over the past couple of months.
SARB's Mboweni on a land of hope and opportunity
In the speech 'South Africa: A land of hope and opportunity' given on 22 June, Tito Mboweni of the South African Reserve Bank said central bank governors have to demonstrate at all times their commitment to the independence of central banks from…
SARB's Guma on the outlook for monetary policy
In the speech 'The outlook for monetary policy' given on 22 June, Dr XP Guma of the South African Reserve Bank said as the formulator and transmitter of monetary policy the central bank needs to communicate its basic objectives, its strategy for…
SARB announces successful loan syndication
Tito Mboweni, governor of the South African Reserve Bank, issued a statement on Monday 18 July following the announcement of the successful syndication of the SARB's US$1,5 billion Dual-Tranche Syndicated Term Loan Facility.
Mboweni says SADC can learn from EU
South African Reserve Bank governor Tito Mboweni has said much can be learned from the European Union as the South African Development Community (SADC) attempts to create a single monetary union for the region by 2016.
SARB Bank Supervision Annual Report 2004
The South African Reserve Bank published its Bank Supervision Department Annual Report 2004 on 28 June. During 2004, the South African banking system remained stable and, in general, banks were sound, the report said.
Bank Indonesia to host central bank meeting
Bank Indonesia will host the 10th Executive Meeting of East Asia Pacific Central Bank (EMEAP) to be held Bali from June 18 to 19.
SA fin min says IMF gold sales not an option
South African Finance Minister Trevor Manuel said on Monday 13 June that the sale of gold held by the International Monetary Fund was not an option in funding debt relief for poor developing countries any more.
SARB says inflation to stay in target
The South African Reserve Bank said Thursday 2 June that inflation will remain inside the 3-6 percent target band and the economy had entered a phase of high growth.
SARB has no reserve target - Plenderleith
The South African Reserve Bank plans to keep gradually building its foreign exchange reserves, Deputy Governor Ian Plenderleith said in an interview.
FSF concludes first African regional meeting
The Financial Stability Forum (FSF) concluded its first African regional meeting in Pretoria, South Africa on Monday 30 May.
SARB deputy says economy can sustain brisk growth
South African Reserve Bank deputy governor Ian Plenderleith said on Wednesday 12 May that South Africa can sustain economic growth of at least 4 per cent over the next few years and investor confidence in the country has improved.