Carlos da Silva Costa, Portugal’s central bank governor, talks to Peter Wise about the country’s priorities, which include further reduction of bad loans and improving profitability, while tackling forthcoming challenges such as an ageing population.
Latest articles from Peter Wise
Portugal's coalition shows alternative to austerity
May 1, 2018Portugal’s left-wing government has not only surprised observers with its stability and popularity, the coalition some called a geringonça, or contraption, has overseen the country’s move from bailout recipient to credit rating star. But, as Peter Wise reports, there is still work to be done.
Finance minister sees Portugal's efforts rewarded
May 1, 2018Portugal's finance minister, Mário Centeno, believes his election as president of the EU’s Eurogroup reflects the country’s efforts to achieve economic recovery, and proves anti-austerity policies can be compatible with EU fiscal rules. Peter Wise reports.
Shaken but not stirred: Mozambique's banks look forward with optimism
June 1, 2017The 'tuna bond' scandal, donor suspensions, a sharp rise in inflation rates and slower economic growth have made for a difficult operating environment for Mozambique's banks in the past couple of years. However, Peter Wise discovers a sector where optimism very much prevails.
Mozambique looks to gas reserves in aid recovery from 2016 blip
June 1, 2017Mozambique is slowly advancing towards financial stability following a period of scandal and currency depreciation. Now it must find the money, and the partners, to help it exploit its abundant gas reserves, writes Peter Wise.
Portugal's economy defies the odds and the critics
April 3, 2017The left-wing coalition government of Portuguese prime minister António Costa has silenced critics with what has so far been an effective financial policy. Now it must convince the ratings agencies and Portugal’s international creditors. Peter Wise reports.
Portugal’s banks rise from the ashes
April 3, 2017Once one of the standard bearers for the travails of the eurozone, Portugal appears to be in the early stages of a recovery, one in which its revitalised banks are playing a leading role – albeit heavily backed by foreign investment. Peter Wise reports.
Novo Banco’s chief executive takes a lesson from history
April 3, 2017The chief executive of Portugal’s Novo Banco, António Ramalho, tells Peter Wise why 2017 will be the final year in its search for a controlling shareholder, and how he is easing the burden of non-performing loans.
How Portugal staged an investment comeback
December 1, 2016The CEO of Portugal’s public debt management agency explains how the country is refusing to let political change and low debt ratings prevent it from re-establishing its global investment credentials.
Portuguese capital markets back from the brink
April 1, 2016Portugal's economy has endured a torrid few years and this has been reflected in its activity in the capital markets. However, the past 12 months have seen reasons for optimism, with the benchmark 10-year debt yield dropping significantly from an all-time high in 2012 and economists cautiously welcoming the new government's financial policies.