Timor-Leste to set up central bank institute with IFC
Project aims to strengthen capabilities in financial services and private sector more broadly
The Central Bank of Timor-Leste (BCTL) has signed an agreement with the International Finance Corporation (IFC) to set up a central bank institute.
The central bank said in a statement on August 20 that its governor, Helder Lopes, had signed the co-operation agreement with Christina Ongoma, regional upstream and advisory service manager at the IFC.
The IFC is a member of the World Bank Group and provides investment financing for private enterprise in developing countries.
The BCTL said the
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