Resumo I9A

Pursuant to its Organic Law, the Bank holds shares in some international financial institutions and organizations, has been focusing on getting closer to its partners, and has been promoting contacts with central banks and national and foreign higher education institutions, with the aim of improving its staff’s curricula and encourage research. 

2. International Financial Institutions

The Republic of Cabo Verde has been a member of the IMF since 1978, and the Bank’s Governor currently holds the position of Alternate Governor at this institution.

3. Regional Financial Organizations

3.1 West African Monetary Agency

In May 1992, Banco de Cabo Verde joined the West African Clearing House (WACH), which later became the West African Monetary Agency (AMAO)

3.2. Association of African Central Banks

Banco de Cabo Verde has been a member of the Association of African Central Banks since 1983.

3.3. African Export-Import Bank (AFREXIMBANK)

Banco de Cabo Verde is a shareholder of the African Export-Import Bank (AFREXIMBANK), which was established in 1993, on the initiative of the African Development Bank, with the purpose of supporting exports from African countries.

4. Relations with other central banks or similar institutions

Under bilateral relations, Banco de Cabo Verde has been strengthening cooperation with other central banks, expanding and improving exchanges with similar institutions.

4.1 Bank of Portugal

Cooperation relations with the Bank of Portugal are traditional and based on a Cooperation and Technical Assistance Agreement signed in 1991. The actions carried out take the form of internships and technical visits, as well as technical assistance missions and multilateral meetings attended by the central banks of the other CPLP countries and East Timor. As part of this cooperation, and in partnership with Portuguese higher education institutions, the Bank of Portugal has been providing scholarships for master's and doctoral degrees, which have benefited some BCV staff.

4.2 Central Bank of Brazil

The first cooperation plan with the Central Bank of Brazil has been in progress since November 2010. It has benefited professionals from different areas, whether through internships/study visits in Brazil or technical assistance missions in Cabo Verde.

4.3. Central Bank of Luxembourg

In 2002, BCV signed a cooperation protocol with the Central Bank of Luxembourg, covering mainly the areas of reserve management and banking supervision, but also including the provision of scholarships for postgraduate studies. With the Luxembourg Financial Technology Transfer Agency (ATTF), there have been several trainings aimed at the financial sector as a whole.

4.4 BCEAO - Central Bank of West African States

BCV has had privileged relations with BCEAO, having participated in several trainings promoted by this African bank.

4.5. Bank of France and Bundesbank

BCV has used short-term internships promoted by the Bundesbank and the Bank of France to update its staff's knowledge.

5. Bank of International Settlements (BIS)

Banco de Cabo Verde participates in the annual meetings of the oldest international financial organization, as a guest.

6. Relations with Portuguese-speaking Supervisors

As an insurance supervisor, Banco de Cabo Verde is a member of the Association of Lusophone Insurance Supervisors (ASSEL), which is a privileged forum for debating ideas on insurance in CPLP countries.

In the field of bilateral relations, Banco de Cabo Verde has cooperation activities with Portugal’s Insurance Institute based on technical assistance, training of technical staff and the exchange of technical and scientific documentation.

7. Portuguese university institutions

There is a cooperation protocol with the Technical University of Lisbon’s Higher Institute of Economics and Management (ISEG), aimed at training Banco de Cabo Verde staff at the master's and doctoral level.