IMF to support Angola National Bank
Angola President Joao Lourenco
London Oct. 27, 2017 (AltAfrika) — The International Monetary Fund (IMF) will provide technical assistance to the National Bank of Angola (BNA) to assist in adapting the institution “to international standards and good practices,” the central bank announced Thursday.
According to the BNA, the agreement for the support of the IMF comes after negotiations in the framework of the implementation of the Adaptation Plan of the Angolan Financial System to the international standards.
The technical assistance will be for a period of two years aiming at “strengthening” banking supervision, preventing money laundering and combating the financing of terrorism, “whose primary objective is the resumption of relations with the corresponding banks.”