Sat, 09 Feb 2019 10:22 - Updated Sat, 09 Feb 2019 10:22
Subcommittee defends SADC's financial market political harmonization
Benguela - The11th meeting of the Financial Markets Subcommittee of the Southern African Development Community (SADC) Central Banks, on Friday recommended in Benguela, Angola, the need for greater policies? harmonization in this field, with view to a rapid regional economic integration.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Flags of SADC members states
Photo: Francisco Miúdo
The members of the Subcommittee are due to submit this intention to the central banks’ governors, whose meeting will be held in South Africa in April and May, whose materialization of these policies are intended at accelerating the implementation of this process.
According to the head of division of markets and assets of the National Bank of Angola, Angela Vunza, spokeswoman of the meeting, there is a need to integrate payment systems or compensation in all countries, emission codification, report countries’ indicators to international agencies and financial systems final integration of the member countries.
The two-day meeting held on February 7 and 8, brought together officials from 13 of the 14 Central Banks SADC member countries (except DRC) and analyzed issues related to the development of the financial markets in this continental sub-region.
The banks’ officials also discussed the regional development stage of the harmonized policies to respond to SADC’s protocol as well as discussed with Stock Exchange Subcommittee the emerging development level and interaction to enable markets regulators to intervene through policies and procedures.
The strategy on the human resources development of the central banks of SADC member countries was also discussed at the meeting.
Tags Província » Benguela
- 14/12/2018 18:05:51
Benguela - The Minister of Fisheries and the Sea, Victoria de Barros Neto said at Baia Farta in Coastal Benguela Province that at least 350.000 tons of fish were caught in Angola in 2018.
- 05/12/2018 12:52:56
Lobito - At least USD 25 million is the amount needed for the Agro-Industrial Vista Alegre Firm of Alves & Irmão Group start assembling a sugar factory in Lobito, coastal Benguela province.
- 30/11/2018 10:49:53
Lobito - The Transports minister, Ricardo de Abreu, last Thursday in Lobito City, centre-west Benguela Province, defended the increase of synergies so that Angola can have a modern, efficient and sustainable transports sector as well as become a reference in terms of public-private partnerships.