The Strategic Plan 17-20 defines Banco de Portugal's priorities for 2017-2020.
The Bank’s priorities are organised into four Broad Strategic Guidelines.
These Guidelines set out Banco de Portugal’s mission, values and vision for 2020 and are intrinsically linked to the Eurosystem's mission statement, strategic intents and organisational principles, which reflect the strategy and overall operating framework of the euro area national central banks.
The ultimate goal of the Strategic Plan 17-20, running across all priorities, is twofold: self-accountability and outstanding performance. “Always do better” is the Strategic Plan’s motto and an imperative for an institution like Banco de Portugal, which acts in increasingly complex and demanding contexts.
The results of the implementation of the Strategic Plan will be released in the Annual Report of the Board of Directors: Activities and Financial Statements.
Broad Strategic Guidelines
1st Broad Strategic Guideline: Emphasise Banco de Portugal’s capacities as monetary authority, at both an internal and external level.
Actively contribute to the single monetary policy in the euro area, based on the risk-sharing principle;
2nd Broad Strategic Guideline: Participate in the definition of regulatory frameworks and implementation of supervisory practices, in order to ensure the soundness and stability of the national financial system and confidence among economic agents.
Promote a comprehensive approach of risk assessment for the definition and implementation of prudential policies, with recourse to the different competences of Banco de Portugal and in cooperation with other national and international financial supervisory authorities;
3rd Broad Strategic Guideline: Promote understanding of the Portuguese economy and European integration, helping inform and educate.
Pursue the research agenda on relevant issues for Banco de Portugal’s mission;
4th Broad Strategic Guideline: Be among the most efficient central banks in the Eurosystem.
Internal governance • Improve Banco de Portugal’s internal governance model and strengthen the organisation, planning and control function, in order to ensure high performance and accountability for results;