Future activities of the Association of African Central Banks

Abstract

To determine their scope it is necessary first to consider what objectives and purposes they would be expected to fulfil. A general outline of these purposes is contained in Article 2 of the Articles of Association, in which it is stated that they should be: (l) To promote co-operation in the monetary, banking and financial sphere in the African region; (2) To assist in the formulation of guidelines along which agreements among African countries in the monetary and financial fields shall proceed; (3) To help strengthen all efforts aimed at fringing about and maintaining monetary and financial stability in the African region; (4) to examine the effectiveness of international economic and financial institutions in which African countries have an interest and suggest ways of possible improvement.