(Business in Cameroon) – At the 47th annual meetings of the Association of African Central Banks (ABCA), held since November 23, 2025 in Yaoundé, a symposium took place on November 27 dedicated to the theme “Climate change and macroeconomic stability: the role of central banks.”
The event gathered central bank governors, public officials, international experts, and academics to assess the risks and impacts of climate change and explore ways to integrate this dimension into monetary policy to protect the continent’s financial stability.
Opening the session, Yvon Sana Bangui, governor of the Bank of Central African States (BEAC), highlighted the paradigm shift faced by monetary authorities. He said climate change is no longer an abstract threat but directly affects economies, financial systems, and the stability of states, and that central banks must now incorporate these risks into their policies, macroeconomic models, and instruments to preserve macroeconomic stability.
Paths forward: green finance, sustainable credit, and deeper cooperation
Discussions throughout the presentations produced several proposals for adapting monetary policy to climate change. These include promoting green finance through suitable financial regulation, mobilizing climate-focused funding for the continent, creating sustainable credit lines, and strengthening cooperation within networks dedicated to greening the financial system.
These measures aim to equip African central banks to better handle climate-related shocks, support the energy transition, and limit risks to financial and monetary stability.
After this symposium on the role of African central banks in mitigating climate impacts on financial and monetary stability, the 47th ABCA annual meetings continue on November 28 with the Governors’ Council.
At the end of the meetings, Priscilla Muthoora Thakoor, governor of the Bank of Mauritius, will hand over the ABCA presidency to Yvon Sana Bangui of the Central African Republic, governor of the BEAC, for a one-year term.
BRM