The Central Bank of Brazil reported that governors and presidents of central banks from Portuguese-speaking countries have agreed to establish the Network of Central Banks of Portuguese-speaking Countries (BCPLP) to formalise and deepen ongoing cooperation, including knowledge sharing and coordination of positions in international and multilateral fora. The agreement was reached on the sidelines of the International Monetary Fund and World Bank Group Spring Meetings and involves 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 with an annual rotating presidency, regular senior-level meetings, technical working groups to discuss agenda topics, and a new economic policy committee to analyse and debate issues and policies of common interest. The first official BCPLP meeting is scheduled for November 2026 in Luanda, and the first presidency will be held by the Bank of Portugal during 2027.
Central Bank of Brazil 2026-04-17
Central Bank of Brazil and Lusophone peers agree to establish the Network of Central Banks of Portuguese-speaking Countries
The Central Bank of Brazil announced that governors and presidents of central banks from Portuguese-speaking countries have created the Network of Central Banks of Portuguese-speaking Countries (BCPLP) to deepen cooperation, including knowledge sharing and coordination in international fora. Members are the central banks of Angola, Brazil, Cape Verde, West African States (Guinea-Bissau), Mozambique, Portugal, São Tomé and Príncipe, and Timor-Leste. The network will have an annual rotating presidency, regular senior-level meetings, technical working groups and an economic policy committee.