Angola's Ministry of Finance has launched a new Financial Sector Assessment Program (FSAP) exercise, led by the World Bank with technical support from the International Monetary Fund, to evaluate Angola’s financial system in terms of stability and development. At the opening session in Luanda, the National Bank of Angola’s Governor and the Minister of Finance framed the assessment against the reforms implemented since the previous FSAP in 2011. Reforms cited include adoption of a law on anti-money laundering, counter-terrorist financing and proliferation financing of weapons of mass destruction, and the Angola Payment System Law, alongside changes to supervisory structures such as the creation of a Financial Stability Department and a deposit guarantee fund, and a National Bank of Angola law establishing central bank independence. The government reiterated priorities covering transparency and good governance in the financial sector, consumer protection and deeper financial inclusion, and continuation of structural reforms, while the World Bank highlighted financial inclusion, access to financial services and the expansion of payment services as key development themes for the FSAP.
Ministry of Finance (Angola) 2025-06-11
Angola's Ministry of Finance opens World Bank and IMF FSAP to assess the financial system’s stability and development
Angola's Ministry of Finance has launched a new Financial Sector Assessment Program (FSAP) with the World Bank and IMF to evaluate financial stability and development. Key reforms since the last FSAP in 2011 include anti-money laundering laws, a new payment system law, and enhanced supervisory structures. The government emphasized transparency, consumer protection, and financial inclusion, while the World Bank focused on expanding financial services access.