First FSF African Regional Meeting

When: 29-30 May 2005
Where: Pretoria, South Africa

The Financial Stability Forum (FSF) has just concluded its first African regional meeting in Pretoria, South Africa. Ministers, Governors and other senior representatives from finance ministries, central banks and supervisory and regulatory authorities from various countries in Africa attended the meeting, as well as members represented at the FSF.

Participants exchanged views on the strengths and vulnerabilities in the international and regional financial systems. They took note of the generally benign global economic environment and associated strengthening of many commodity prices, acknowledging the varied impact on different countries, particularly in relation to oil prices. They also recognised the uncertainties arising from global imbalances and the implications for interest and exchange rates.

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