The Bank of Cape Verde announced that, on the sidelines of the IMF and World Bank Group Spring Meetings in Washington on 14 April 2026, a group of Portuguese-speaking central banks agreed to establish the Network of Central Banks of Portuguese-Speaking Countries (BCPLP), formalising and making permanent their existing cooperation. The participating institutions were the National Bank of Angola, Central Bank of Brazil, Bank of Cape Verde, the Central Bank of West African States (represented by its National Director for Guinea-Bissau), Bank of Mozambique, Bank of Portugal, Central Bank of São Tomé and Príncipe and Central Bank of Timor-Leste. The network will operate under a rotating annual presidency, convene regular high-level meetings, and create technical working groups to develop agenda topics and support cross-institution sharing of experience, good practices and knowledge. An economic policy committee will also be set up to analyse and discuss issues and policies of common interest. The first official BCPLP meeting is scheduled for November 2026 in Luanda, and Bank of Portugal will hold the first presidency in 2027.
Bank of Cape Verde 2026-04-16
Bank of Cape Verde and Portuguese-speaking central banks agree to establish the BCPLP cooperation network
The Bank of Cape Verde announced the creation of the Network of Central Banks of Portuguese-Speaking Countries (BCPLP), formalising and making permanent cooperation among eight participating central banks. The network will have a rotating annual presidency, hold regular high-level meetings, establish technical working groups for knowledge sharing, and set up an economic policy committee to analyse issues of common interest.