By Sifiso Nhlabatsi
MBABANE – Some of Southern Africa’s top central banking officials have gathered in Eswatini ahead of the high-level Common Monetary Area (CMA) Governors’ Meeting, where regional leaders will deliberate on the state of the global economy and the stability of the financial systems within the monetary bloc.
The officials were welcomed by the Central Bank of Eswatini during a quarterly technical meeting held on Thursday, which serves as a precursor to the Governors’ Meeting scheduled for Friday.
The gathering brings together representatives from the four CMA member states – Eswatini, Lesotho, Namibia and South Africa – at a time when central banks across the world continue to navigate economic uncertainty, inflationary pressures and financial sector risks.
Opening the meeting, Central Bank of Eswatini Deputy Governor Felicia Dlamini-Kunene urged delegates to work collectively to strengthen the resilience of the region’s economies and safeguard financial stability.
“To navigate the evolving landscape, we must focus our attention on maintaining price and financial stability and preserving the credibility of monetary policy frameworks,” she said.
The quarterly meeting follows a similar engagement held in Namibia in March 2026 and is aimed at supporting macroeconomic coordination and financial stability among CMA member countries.
Discussions during Friday’s Governors’ Meeting are expected to focus on global economic developments and receive updates on the financial stability of the CMA region.
The Common Monetary Area is a monetary union comprising Eswatini, Lesotho, Namibia and South Africa. Through the arrangement, member central banks cooperate on monetary and financial sector matters while maintaining close economic ties with South Africa.
The meeting comes at a time when central banks globally continue to monitor evolving economic conditions and assess the impact of external developments on inflation, growth and the resilience of financial systems.
The outcomes of the Governors’ Meeting are expected to provide direction on regional monetary cooperation and strengthen collaboration among member central banks in promoting economic and financial stability across the Common Monetary Area.
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