The ESCB and the European Commission today launch a cooperation initiative with African central banks

Summary:

The Banca d'Italia, along with other central banks from Belgium, France, Germany, Lithuania, Portugal, Slovakia, and Spain, is partnering with central banks from Africa to enhance dialogue on financial stability, resilience, and governance. The two-year pilot project, which will be implemented in Europe and Africa, aims to support the United Nations' Sustainable Development Goals (SDGs) by enhancing the capacity of African central banks to implement effective monetary policies, promoting macroeconomic stability and sustainable economic growth. This initiative aligns with the EU's 2020 "Strategy for a Global Africa"" and the new Africa-Europe alliance for sustainable investments and employment.