Angola seeks to reduce informal economy sector

4 July 2019

Angolan officials are working to reduce the informal sector of the economy, the governor of the National Bank of Angola (BNA), José Lima Massano said on Tuesday at the University of Cambridge.

The governor, speaking on “The role of banking regulation in promoting financial institutions/The Angolan case”, added that the authorities are also involved in the development of analytical tools for risk management in the financial sector.

Lima Massano, who participated in the event at the invitation of the Cambridge Centre for Alternative Finance, informed participants that the BNA is committed to disseminating information on the basic concepts of banking and financial products available in order to increase user knowledge.

Questions on the challenges and initiatives initiated by the National Bank of Angola, in partnership with the Ministry of Finance, the Angola Reinsurance and Insurance Agency and the Capital Markets Commission, under the National Plan for Financial Inclusion (2018) were also addressed by the governor of the BNA, according to the Angop news agency. (Macauhub)