The Bank of Portugal (BdP) carried out 155 cooperation actions in 2025—two fewer than in 2024—while increasing the costs allocated to cooperation by 33%, with 75% of these actions involving Lusophone central banks as partners.
“The Bank of Portugal maintained a high level of technical cooperation activity in 2025, carrying out 155 actions, slightly below the number recorded in 2024 (157 actions), but accompanied by an increase in the resources involved; the number of working days allocated by Bank employees to this activity rose to 1,591 (compared to 1,536 in 2024) and the costs imputed to the cooperation budget grew by 33%,” reads the Annual Report on Cooperation Activity.
The 33% increase in value—an amount not disclosed by the Bank of Portugal—”reflects a higher proportion of in-person initiatives, the growing technical complexity of the actions carried out, and the impact of structural initiatives, such as the return of the Lisbon Meeting to Portugal and the development of the European System of Central Banks (ESCB) cooperation program with Africa,” the document explains.
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“The Central Banks of Portuguese-Speaking Countries (BCPLP) reaffirmed their position as the main cooperation partners, accounting for 75% of the actions carried out in 2025; in bilateral initiatives, Cape Verde (with 25 actions), Angola (16 actions), Mozambique (14 actions), and São Tomé and Príncipe (13 actions) stood out,” points out the document made available this afternoon on the Portuguese financial regulator’s website.
Regarding the execution rate of the Cooperation Plan, it improved from 74% in 2024 to 86% last year, with 107 of the 125 initially planned actions carried out. However, “the 18 canceled actions were amply compensated by the realization of 48 unplanned actions, highlighting the Bank’s availability and responsiveness to additional requests and cooperation opportunities arising throughout the year,” the report further states.
