SHARM EL SHEIKH, Aug 8, 2018 (MENA) - Prime Minister Mustafa Madbouli opened the annual meetings of the Association of African Central Banks (AACB) in the Red Sea resort of Sharm el Sheikh on Wednesday. The 41st meetings, hosted by Egypt for the first time in the AACB history, are of major importance given the high-level representation of member states in the gathering. Major regional and international organisations are taking part in the meetings, including the African Union Commission, the International Monetary Fund (IMF), the World Bank, New York Federal Bank and the Common Market for Eastern and Southern Africa (COMESA). The five-day meetings are held under the sponsorship of President Abdel Fattah El Sisi and they coincide with the 50th anniversary of the association's establishment.