Pedro Castro e Silva, who was one of the speakers at the 2nd edition of the Angola Economic Outlook 2023, promoted by the Government and the Economy and Market magazine, said that Climate Risk complements banking regulation, which already includes Credit, Liquidity, Exchange Rate and Interest Rate.
"Banks, before granting credit, for example for fishing, or for the development of an agricultural project, which is what diversification is intended for, will have to take into account factors related to sustainability and probably the impact this has on level of its capital base", he highlighted.
Still for 2024, the BNA will maintain the monetary policy of this year that is now ending, highlighting that the average inflation rate for next year's economic year is 16 percent, higher than the current one.
"This means that we should still experience an upward trend in annual inflation in the coming months, but, throughout 2024, we hope that it will reduce, reaching, at the end of the 2024 period, a rate of 15 percent", he said.
The deputy governor of the BNA highlighted that, in 2024, the central bank plans to maintain a sustainable level of net international reserves in the six months of imports, taking into account their importance in guaranteeing the payment of debt service, "when conditions exist national treasury return to debt markets".
Pedro Castro e Silva stressed that the central bank will continue to apply and converge with the best practices of the European Central Bank and other bodies, such as the Financial Action Group (FATF), implementing a Resolution Fund that will start in 2024.
According to Pedro Castro e Silva, the country has until June next year to implement the measures that the FATF recommended, to make a decision on its position.