LUANDA, Oct. 26 (Xinhua) -- The International Monetary Fund (IMF) will provide technical assistance to the National Bank of Angola (BNA) in the process of 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 requested by the Angolan central bank to the IMF will be extended for 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."
According to the BNA, the IMF said it will move forward with the technical assistance, "based on the strengthening of the Angolan legal framework" in the National Strategy for the Prevention of Money Laundering and Combating the Financing of Terrorism.
