The signing took place on the margins of the 2026 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington DC, according to a release shared with Ghana News Agency.  

The cooperation under the agreement would focus on capacity building, knowledge sharing and research, as well as cooperation through technical dialogue, information exchange, joint seminars, and staff level interactions, subject to the internal rules and procedures of both institutions. 

“In a world that has become more prone to frequent shocks, preparedness through cooperation is essential,” said ESM Managing Director Pierre Gramegna.  

“This MoU provides a structured framework for deepening our dialogue with the AfDB and sharing experience in areas such as market funding, governance, and crisis prevention and management.” 

President of the AfDB, Sidi Ould Tah said “This agreement reflects our commitment to mutually beneficial exchanges.”  

“By formalising our cooperation with the ESM, we are strengthening our ability to draw on international best practices, including in the context of efforts to establish the African Financial Stability Mechanism, a priority endorsed by African Union Heads of State and Government.  

Africa remains the only region without a dedicated regional financial stability mechanism, and this cooperation will be instrumental in helping safeguard financial stability in the region.”