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Namibia hosts SADC central banks

The Bank of Namibia has officially kicked off the 57th meeting of the SADC Committee of Central Bank Governors (CCBG) at Swakopmund.

The gathering will have a panel discussion on ‘Sustainability in the Financial System’.

Speaking at the official opening, prime minister Saara Kuugongelwa-Amadhila said the CCBG structure has been pivotal in the implementation and promotion of the SADC
Protocol on Finance and Investment.

“The CCBG structure creates an enabling investment and business environment in the SADC region, which is essential for socio-economic development and job creation,” she said.

She said though it is pleasing to see inflation rates in the region and elsewhere in the world coming down, some SADC member countries’ inflationary pressures are still intensifying.

“There is a need to continue coordinated efforts between governments and central banks to strengthen support to the economy to accelerate growth and employment creation,” said Kuugongelwa-Amadhila.

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