Support for financial systems in Angola

Supporting structural reforms in the financial sector in Angola

Project context

The project to support financial systems in Angola is in line with the ongoing institutional reforms in the country and the objectives of the National Development Plan (2018-2022) formulated by the Angolan authorities, which defines the main strategic directions to achieve sustainable, diversified and inclusive economic development.

This technical assistance project is combined with a policy-based loan allocated by AFD in December 2021. It is also accompanied by a public policy dialogue on reforms in the following sectors/thematic areas:

1. Public finance management and transparency of public action.
2. Governance of state-owned companies.
3. Public-private partnerships.
4. Financial sector.

Two lines of action

Expertise France is working with the Central Bank of Angola (BNA) on two areas.

Support for financial sector reforms

Working closely with the Banque de France, the project is helping the Central Bank of Angola to achieve international standards, with the aim of improving its integration into international financial networks.

BNA is also being assisted with its internal transformation and its banking supervision practices.  BNA’s staff also benefit from capacity building, which includes sharing experiences with the Banque de France on the themes supported by the project.

Climate finance

The objective of these activities is to help BNA define a roadmap for climate finance. It will be developed based on a mapping of climate risks in Angola and needs in terms of financial systems.

The Central Bank will also receive support for its integration into international networks on green finance (NGFS…).