Portuguese-Speaking Central Banks Launch Network
Central banks from Portuguese-speaking nations formed a new network to coordinate on financial stability and modernization.
Updated on Nov. 6, 2026 in Financial Services
Central banks from Portuguese-speaking countries established the Network of Central Banks of Portuguese-Speaking Countries (BCPLP) at the 13th meeting of these institutions in Luanda, Angola. Governors signed a memorandum of understanding to create the network, which aims to structure consultation among participating monetary institutions.
Why it matters
The network was set up to strengthen technical exchanges as financial services undergo digital transformation and new risks emerge. Its working groups are intended to address shared challenges across member institutions.
The network was established at the 13th meeting of Portuguese-speaking central banks, held in Luanda, Angola. Financial figures and membership totals were not disclosed in the available details.
The players
Jean-Claude Kassi Brou
Jean-Claude Kassi Brou is the Governor of the Central Bank of West African States (BCEAO), which oversees monetary policy for the West African Economic and Monetary Union.
Banco de Portugal
Banco de Portugal is the central bank of Portugal, responsible for monetary policy and financial supervision within the Eurosystem.
The details
Governors approved the creation of working groups on payment systems, financial inclusion, crisis management, external statistics, cybersecurity and artificial intelligence. The network's platform is designed to foster the sharing of experiences in areas strategic to financial stability and modernization.
Timeline
13th meeting of Portuguese-speaking central banks held in Luanda, Angola (exact date not specified)
Banco de Portugal to hold the network's inaugural presidency in 2027
Next governors' meeting scheduled for April 2027, alongside the IMF and World Bank Group Spring Meetings
Market Landscape
The network joins a growing set of regional central bank cooperation frameworks that coordinate on payment systems and financial stability. Its scheduling alongside the IMF and World Bank Spring Meetings places it within the existing international calendar of monetary policy dialogue.
The network is designed to share experience on payment systems and financial inclusion across member countries. Its work on microcredit and artificial intelligence in banking supervision could shape how financial services are regulated in the coming years.
The takeaway
Coordination among central banks is increasingly focused on digital payments, cybersecurity and new supervisory tools. Watch for outputs from the network's working groups as they take shape ahead of the April 2027 meeting.
What happens next
Banco de Portugal will assume the network's inaugural presidency in 2027, and the next governors' meeting is scheduled for April 2027.
Further reading
Explore more developments in the Financial Services sector for context on how central banks are adapting to digital change.
Source note: This article includes information reported by APAnews - African Press Agency.
