The Governors of the Central Banks of the Common Monetary Area (Lesotho, Namibia, South Africa and Swaziland) met in Pretoria todayto exchange views on:Further enhancing monetary and research cooperation in the CMA; and     Recent economic developments in their respective countries. While growth in the CMA was fairly subdued in 2003, a welcome acceleration in economic activity was recorded in the first quarter of 2004 and prospects for the remainder of the year seem positive. Inflation in the CMA is currently at low levels, while the prices of export commodities are generally favourable. The Governors’ meeting was preceded by a preparatory meeting of senior central bank officials. The exchange forum between Dr X P Guma, Deputy Governor of the South African Reserve Bank, Mr E M Matekane, Governor of the Central Bank of Lesotho, Mr M G Dlamini, Governor of the Central Bank of Swaziland and Mr P Hartmann, Deputy Governor of the Bank of Namibia, is part of a process which started two years ago to enhance coordination and help inform the discussion and formulation of monetary policy in the four CMA countries. The next meeting will be held in Windhoek, Namibia on 9th August 2004.  For further information contact:Dr Johan van den Heever(012) 313-3625 ​