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The African Finance Regulatory Authority (AFRA) is the statutory body mandated by the legal instruments of the Treaty of the Heads of States and Government of the Organization of African Unity (OAU).
The African Star Treaty Alliance Group (ASTAG) declared by African Heads of States and Governments in 1990, was given the Mandate together with AFRA at the Fourth Extraordinary Session of the Sirte Declaration in Libya ,1999.
The mandate of the African Finance Regulatory Authority is guided by Article 19 of the OAU Constitutive Act, the 1991 Abuja Treaty as agreed by the Assembly of Member States for the Single AFRA Payments Area (SAPA), the Common Economic and Monetary Systems and the creation of the African Central Bank.
Agrippa Damba, is The Executive Governor of AFRA and The President of The African Central Bank.
The New Partnership for Africa's Development (NEPAD) is an economic development program of the African Union. NEPAD was adopted at the 37th session of the Assembly of Heads of State and Government in July 2001 in Lusaka, Zambia. NEPAD aims to provide an overarching vision and policy framework for accelerating economic co-operation and integration among African countries.
Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. Financial regulation forms one of three legal categories which constitutes the content of financial law, the other two being market practices and case law.
The Bangko Sentral ng Pilipinas is the central bank of the Philippines. It was established on July 3, 1993, pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019.
Money creation, or money issuance, is the process by which the money supply of a country, or of an economic or monetary region, is increased. In most modern economies, money creation is controlled by the central banks. Money issued by central banks is termed base money. Central banks can increase the quantity of base money directly, by engaging in open market operations. However, the majority of the money supply is created by the commercial banking system in the form of bank deposits. Bank loans issued by commercial banks that practice fractional reserve banking expands the quantity of broad money to more than the original amount of base money issued by the central bank.
The Federal Ministry of Finance, abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Christian Lindner (FDP).
The African Commission on Human and Peoples' Rights (ACHPR) is a quasi-judicial body tasked with promoting and protecting human rights and collective (peoples') rights throughout the African continent as well as interpreting the African Charter on Human and Peoples' Rights and considering individual complaints of violations of the Charter. This includes investigating human rights violations, creating and approving programs of action towards encouraging human rights, and set up effect communication between them and states to get first hand information on violations of human rights. Although the ACHPR is under a regional government facility, they don't have any actual power and enforcement over laws. This ends up in them drafting up proposals to send up the chain of command to the Assembly of Heads of State and Government and they will act accordingly.
The Central Bank of Barbados (CBB) is the national monetary authority responsible for providing advice to the Government of Barbados on banking and other financial and monetary matters. The Central Bank of Barbados, was established by Act of parliament on 2 May 1972. Prior to the establishment of CBB, Barbados' monetary policies were governed through its membership in the Eastern Caribbean Currency Authority (ECCA). The Central Bank operates as the banknote issuing authority for Barbadian currency.
The Sirte Declaration was the resolution adopted by the Organisation of African Unity on 9 September 1999, at the fourth Extraordinary Session of the OAU Assembly of African Heads of State and Government held at Sirte, Libya. The Declaration announces decisions to:
The Peace and Security Council (PSC) is the organ of the African Union in charge of enforcing union decisions. It is patterned somewhat after the United Nations Security Council. The PSC is also the main pillar of the African Peace and Security Architecture (APSA), and works with other pillars of the APSA in order to promote "peace, security and stability in Africa". The specific goal of the Peace and Security Council (PSC) is the "prevention, management and resolution of conflicts". To achieve these goals, it involves subsidiary organizations such as the Military Staff Committee and the Committee of Experts.
The Republic of Cabinda was an unrecognized state located in what is presently Angola's Cabinda Province. The Front for the Liberation of the State of Cabinda-Exercito de Cabinda (FLEC) claims sovereignty from Angola and proclaimed the Republic of Cabinda as an independent country in 1975. The government of this entity operates in exile, with offices located in Paris, France, and Pointe Noire, Congo-Brazzaville.
The African Energy Commission (AFREC) is a specialized agency of the African Union (AU), under the Commission for Infrastructure and Energy, in charge of coordinating, harmonizing, protecting, conserving, developing, rational exploitation, commercializing and integrating energy resources on the African continent.
The Regional Economic Communities (RECs) in Africa group together individual countries in subregions for the purposes of achieving greater economic integration. They are described as the "building blocks" of the African Union and are also central to the strategy for implementing the New Partnership for Africa's Development (NEPAD).
The government of Niger is the apparatus through which authority functions and is exercised: the governing apparatus of Nigerien state. The current system of governance, since the Constitution 18 July 1999, is termed the Fifth Republic of Niger. It is a semi-presidential republic, whereby the President of Niger is head of state and the Prime Minister of Niger head of government. The officials holding these posts are chosen through a representative democratic process of national and local elections, in the context of a competing multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the National Assembly. The judiciary is independent of the executive and the legislature: its Constitutional Court has jurisdiction over constitutional and electoral matters.
The Panel of the Wise (PoW) is a consultative body of the African Union, composed of five appointed members who each serve three year terms. Its mandate is to provide opinions to the Peace and Security Council on issues relevant to conflict prevention, management, and resolution. Representatives are chosen for the North, East, South, West, and Central regions of the continent.
Financial Stability and Development Council (FSDC) is an apex-level body constituted by the government of India. The idea to create such a super regulatory body was first mooted by the Raghuram Rajan Committee in 2008. Finally in 2010, the then Finance Minister of India, Pranab Mukherjee, decided to set up such an autonomous body dealing with macro prudential and financial regularities in the entire financial sector of India. An apex-level FSDC is not a statutory body. The recent global economic meltdown has put pressure on governments and institutions across the globe to regulate their economic assets. This council is seen as India's initiative to be better conditioned to prevent such incidents in future. The new body envisages to strengthen and institutionalise the mechanism of maintaining financial stability, financial sector development, inter-regulatory coordination along with monitoring macro-prudential regulation' of economy. No funds are separately allocated to the council for undertaking its activities. Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the 24th meeting of the Financial Stability and Development Council (FSDC) on September 03, 2021.
The Common Market for Eastern and Southern Africa (COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in 2000, with Rwanda and Burundi joining the FTA in 2004, the Comoros and Libya in 2006, Seychelles in 2009 and Tunisia and Somalia in 2018.
The African Peace and Security Architecture (APSA) includes the three central instruments conflict prevention, conflict management and peace building of the African Union (AU), the Regional Economic Communities (RECs) as well as the Regional Mechanism (RMs).
Rigobert Roger Andely, is a Congolese central banker and academic specializing in monetary and banking economics. He was Vice-Governor of the Bank of Central African States (BEAC) from 1998 to 2002, Minister of Finance in the government of Congo-Brazzaville from 2002 to 2005, and Vice-Governor of the BEAC again from 2005 to 2010.
Governor of the Central Bank of Iran is the highest administrative authority of the Central Bank of Iran, making decisions concerning all such current affairs of the bank.
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