Central Banks of CPLP Countries Launch Network to Strengthen Cooperation
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Noticias ao Minuto
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Central Banks of CPLP Countries Launch Network to Strengthen Cooperation

The network of Central Banks of the Community of Portuguese Language Countries (CPLP) was launched today in Luanda with the aim of deepening interaction between the heads of these banking institutions, as well as at a technical level on common areas of interest.

A Memorandum of Understanding was signed between the member states to achieve this goal, according to Thiago Dias, the manager of the National Bank of Angola, who reported to the press.

According to Thiago Dias, several working groups were formed, dedicated to macroeconomic issues, financial inclusion, digitalization, improvement of payment systems, and other topics. He noted that 'this is a set of working groups being formed so that specialists from our central banks can find a permanent space for interaction there.'

Following the official launch of the network, the first meeting took place, where the organizational structure of the body was approved, including the chairmanship and mandates of the various created working groups.

In his statements to the press, the manager of the Bank of Portugal, Álvaro Santos Pereira, called this initiative historic for central banks. He emphasized that it will allow for the exchange of information and interaction in areas such as payments, statistics, financial literacy, crisis management, and economic analysis.

Álvaro Santos Pereira highlighted the importance of this memorandum amid geopolitical conflicts and world fragmentation, noting that it is crucial for the Portuguese-speaking community to unite to strengthen cooperation.

The manager of the Bank of Portugal congratulated Angola on hosting the first meeting in its capital, considering the 50th anniversary of the existence of the National Bank and Angola, which is celebrated on Thursday, to be very significant. He stated: 'This is a very important date, I am here with pride and great honor. In recent years, Angola has made important reforms, and it is important to see the growing dynamism that exists in the Angolan economy.'

Álvaro Pereira Santos suggested that Angola's economic growth, especially in the non-resource sector, could become a source of opportunities for potential foreign investors, adding: 'I hope there will be more investment, and may it happen in both the financial system and other sectors.'

On the same day, a meeting of the managers of CPLP central banks took place, where the international context and its possible impact on the economies of the member states were discussed, as well as potential areas of cooperation, since such meetings also serve to exchange experiences.

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New Service Center of AKB "Business Development Banks" Opened in Termez

A new center for banking services of AKB "Business Development Banks" is operating in the Termez district of Surkhandarya region. The establishment of this center is an important step in strengthening the region's banking infrastructure, as it improves access for the population and entrepreneurs to financial operations, making service more prompt and convenient.

The new branch provides both individuals and legal entities with an extensive range of current, high-quality, and convenient banking products. Clients can use services such as opening and maintaining accounts, conducting payments and transfers in different currencies, as well as obtaining loans and deposits.

Among the offered services are remote servicing, modern digital payments, cash management services for businesses, and banking operations related to foreign economic activity. Additionally, the center provides consulting and practical assistance on all financial matters.

Support for Entrepreneurship and New Opportunities

The opening of this center is particularly significant for entrepreneurs operating in the Termez district. They now have the opportunity to receive the necessary banking support to develop their projects, expand their activities, and implement new plans.

The center's work is also aimed at bringing financial services closer to the local population, ensuring them comfortable conditions for accessing banking products.

Increasing Financial Inclusion in Regions

AKB "Business Development Banks" sets itself the task of consistently developing the banking infrastructure in the regions, improving the level of customer service, and providing financial support to small and medium-sized enterprises. The launch of a new center in the Termez district is considered a concrete step in this direction.

This step is intended to stimulate economic activity in the region, promote entrepreneurship, and provide the population with additional conveniences when interacting with banking services. The address of the new center is in Surkhandarya region, Termez district, MSG "Yangi Hayot", At-Termiziy street, house 7A.

AKB "Business Development Banks" expresses its readiness to become more accessible to the residents and entrepreneurs of the Termez district, helping them achieve financial goals and realize business initiatives.

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