Portugal’s central bank governor proposes regular meetings with CPLP counterparts

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Portugal’s central bank governor proposes regular meetings with CPLP counterparts

10:11 CAT | 14 Oct 2025

Image: ECO

The governor of the Bank of Portugal, Álvaro Santos Pereira, on Monday called for a deeper relationship of cooperation between Lusophone central banks, an extension of the mobility programme and meetings “several times a year”.

“I advocate a commitment to strengthening cooperation between central banks, I want to deepen the relationship within the framework of Portuguese-language central banks, because a lot is already being done, but there is much more to do, starting with more regular meetings at the highest level to debate and share experiences,” said Álvaro Santos Pereira, at the opening of the 35th Meeting of Portuguese-speaking Central Banks.

At the opening of the event yesterday in Lisbon, Santos Pereira proposed “meetings several times a year, either in Washington, during the Annual Meetings of the World Bank and the International Monetary Fund (IMF), or on a rotating basis” in the different countries, arguing that the aim is to follow the model of the G20 or G7 meetings.

“There’s no reason why we can’t do this in the Portuguese-language world, because it will give us even more strength and influence in the international economy and in the world of international diplomacy, sharing more of our experiences in our countries,” said the governor, leaving an invitation for a working dinner in Washington next spring, “to get these meetings started”.

Among the topics on the table, Santos Pereira listed price stability, financial literacy, the informality of economies, increasing bankarisation, combating fraud, sharing supervisory experiences and lessons from banking developments.

In addition to more regular meetings, Santos Pereira also called for an extension of the internal mobility programme among central bank staff, increasing the timeframes but reducing the topics.

“The time has come to substantially increase the mobility programmes between central banks, which is very important for us; while it is clear that the programme was an important step, it can and should be improved, because it is centred on a short duration and focused on too many projects, and we want to extend it to 1 or 2 years and improve it for fewer projects and areas, because that way we will improve the attractiveness of this mobility programme between employees of our central banks,” he said.

In his speech at the start of the meeting, Santos Pereira also called for an increase in the number of “virtual seminars to discuss economic forecasts and for teams to present studies and research” and for more in-depth training in statistics.

The Lisbon Meetings began in 1991, and since then the Bank of Portugal has promoted more than 3,700 cooperation initiatives, two-thirds of which are in Portuguese-language central banks, including conferences, sectoral meetings, technical assistance and internships. Last year alone, there were 160 cooperation actions involving 1,400 people from 45 institutional partners.

Source: Lusa