China and Great Britain are Angola’s main creditors, holding around 68.9 percent of the country’s total public debt, according to the balance of payments report and the position of international investment released by the National Bank of Angola (BNA).
The BNA reports brings data recorded in the fourth quarter of 2020, whose the total debt value of Angola stood at US$68.2B, against US$68.3B of the third quarter.
The figure represents a slight reduction of around US$34.4M.
As for the stock of public external debt by country, in the charts, China appears in first place with 43.9 per cent against the 43.6 per cent registered in the third quarter of 2020, while Great Britain continues with 25 per cent percent, with a slight decrease compared to the previous period, which was 25.6 percent.
The report also quotes the International organisations with (11.4%), Israel (4.4%), Ireland (2.5%), Portugal (1.8%), Spain (1.7%), United States ( 1.5%), Japan (1.5%), France (1.2%) and other countries (5.3%).
In turn, the public external debt (Government and public corporate sector) experienced a reduction after reaching US$50.1B in the said quarter, against US$50.4B in the third quarter of 2020.
In the same period, the stock of Angolan investment abroad was US$3.2B invested, mostly in Singapore, Mauritius, Isle of Man, Portugal and São Tomé and Príncipe.
Singapore received an investment of US$1.07B, Mauritius (US$725.2M), Isle of Man (US$297M), Portugal (US$452.3M), São Tomé and Príncipe (US$45.7M), Cape Verde (US$23.4M) and other countries (US$4.4M).
The document also states that the net position of international investment, in the fourth quarter of 2020, registered an improvement in its deficit balance of US$32.1B against the US$32.9B in the third quarter, justified by the reduction of liabilities in a magnitude greater than the reduction of financial assets.
Compared to 2019, the net position of international investment deteriorated 6.4 percent, from US$30.1B to US$32.1B.
The description of the net position of international investment is made by assets and liabilities that in turn cover direct investment, financial derivatives portfolio and other investment reserve assets.