BACKGROUND

Attaining financial stability remains a primary aspiration of MEFMI member countries. Financial stability is buttressed by sound, stable and resilient banks that can withstand shocks and continue to perform financial intermediation even during periods of crises such as the COVID-19 pandemic. The COVID-19 shock has impaired banks’ capacity to offer credit yet access to bank credit is especially important in MEFMI member countries’ post-crisis recovery considering the limited financing options available to the productive sectors in the region. The policy implementation meeting (PIM) presents an opportunity for senior bank supervisors from the MEFMI region to discuss contemporary issues affecting the financial stability and soundness of individual banking institutions in their respective jurisdictions and tap from expert advice on how to address the challenges. The outcome of the meeting will be action plans for implementation in the region.

OBJECTIVES

To enable participants to:

1. Discuss topical issues affecting financial stability in MEFMI member countries; and
2. Create an environment where senior supervisors can exchange ideas on bank supervision in the MEFMI region.