Luanda - The Angolan Debt and Stock Exchange (BODIVA) celebrated this Friday, in Luanda, a Memorandum of Understanding with the International Investment Bank (IIB), with a view to creating a set of innovative products in the markets of capitals in the country.
The Agreement signed by the presidents of the executive committees of BODIVA and IIBANK, Walter Pacheco and Francisco Ferreira, respectively, also covers the structuring and placement of financial instruments, as well as the development of human capital through the sharing of knowledge and the promotion of education and financial literacy.
The act was attended by directors of BODIVA, and the presidents of the Cabo Verde and Mozambique stock exchanges, Miguel Monteiro and Salim Valá, respectively, in Angola within the framework of the IV Forum of the Angola Stock Exchange, which took place on March 15, this year.
BODIVA's approach to IIBANK results from the cooperation agreements signed in 2022 between the Angola Stock Exchange and its counterparts of Cabo Verde and Mozambique, the latter two with around 25 years of experience in the capital markets.
The three Stock Exchanges, among other strategic axes, agreed to promote the development of new products and services, as well as to increase levels of financial literacy, having as a fundamental base the exchange of experiences between the markets.
In Cabo Verde, IIBANK was authorized by that country's Central Bank to carry out banking activities, where it is a pioneer in the structuring and issuing of sustainable bonds.
IIBANK is a multilateral development institution, which aims to facilitate connectivity and integration between the economies of the Bank's member states, in order to ensure the sustainable, inclusive growth and competitiveness of national economies supported by existing historical ties.
The Bank's members are the republics of Bulgaria, Cuba, Hungary, Mongolia, the Russian Federation and the Socialist Republic of Vietnam.
