The Central Bank of West African States, represented by its National Director for Guinea-Bissau, and seven other lusophone central banks agreed to establish the Network of Central Banks of Portuguese-speaking Countries (BCPLP) to strengthen and formalise strategic cooperation. The network brings together the National Bank of Angola, the Central Bank of Brazil, the Bank of Cape Verde, the Bank of Mozambique, the Bank of Portugal, the Central Bank of São Tomé and Príncipe, the Central Bank of Timor-Leste and the Central Bank of West African States. It will operate with an annual rotating presidency, regular high-level meetings, technical working groups to exchange experience, best practices and knowledge, and an economic policy committee to analyse and debate issues and policies of common interest, including with a view to aligning positions in international and multilateral forums. The first official meeting is scheduled for November 2026 in Luanda, and the first presidency will be held by the Bank of Portugal in 2027.
Central Bank of West African States 2026-04-14
Central Bank of West African States joins agreement to establish Network of Central Banks of Portuguese-speaking countries
The Central Bank of West African States and seven other lusophone central banks have established the Network of Central Banks of Portuguese-speaking Countries to strengthen and formalise strategic cooperation. The network will have an annual rotating presidency, regular high-level meetings, technical working groups, and an economic policy committee to exchange best practices and align positions in international and multilateral forums.