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Angolan public debt issued in the 1st half reduced to US$1.36b - FurtherAfrica
Africa Angola Economy Finance

Angolan public debt issued in the 1st half reduced to US$1.36b

The value of government debt securities issued by Angola’s Debt Management Unit (UGD) in the first half of 2019 decreased by 25.92% compared with the second half of 2018, the Capital Market Commission (CMC) said.

The commission’s report for the first half of the current year states that the UGD issued public debt securities amounting to 503.01 billion kwanzas (US$1.36 billion), of which 364.58 billion kwanzas were Treasury Bills and 138.42 billion kwanzas to Treasury Bonds.

In the secondary market, managed by the Angolan Debt Exchange (Bodiva), there was a decrease of around 1.82% in the value of transactions, which stood at 427.07 billion kwanzas at the end of the reporting period.

The CMC report said Angola’s economy contracted again in the first quarter of 2019, by about 0.4% year-on-year, due to the performance of Trade (-3.2%), Finance (-4.8%), Manufacturing Industry (-6.5%), Telecommunications (-6.8%) and Oil (-6.9%).

Net International Reserves, according to the same report, continued to slide in the semester under review, reaching US$10.2 billion at the end of June, down by about 3.8% compared to the previous half-year (US$10.6 billion).

The Angolan currency, the kwanza, depreciated by 9.98% against the US dollar in the foreign exchange market during the first half of 2019.

Source: Macauhub

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