Angolan Government envisages mobilising new resources through “cheaper financing”, as part of the Annual Debt Plan (PAE), Finance minister Vera Daves said on Wednesday in Luanda.
The government official said so during an interview she granted to the Angola’s National Radio (RNA) station.
As example, she spoke of going to markets that tend to be more expensive with concessional and semi-concessional financing, therefore, envisaging, a lesser amount, she noted without any further details.
“It is this management that we have done so that at the end debt service remains manageable and Angola’s public debt continues to be sustainable,” said Vera Daves de Sousa.
With the annual debt plan in place, Angola plans to raise funds of 6,883.77 billion kwanzas (equivalent to USD 10.74 billion), of which 3,833.47 billion kwanzas on the foreign market (USD 5.98 billion) and 3.050 billion kwanzas (4.76 billion dollars) at the national level.
Of the total external capture, 1,794.21 billion kwanzas are reserved for the return on the issue of Eurobonds (international security denominated in a currency different from that of the country in which it is issued).
According to the Minister, return to international markets, via Eurobonds, is coming soon and could bring other valuable transactions to the private sector, in addition to attracting financial resources.
She is of the view that going through the markets is not only for the money in itself, but also an opportunity to promote Angola and, with that, other operations that can bring value to the private sector”.
“It is important for us to maintain interaction, present our data, share with investors what we are doing and how our economy is performing,” said the Minister of Finance.
According to Vera Daves, banks, agencies and investment funds have customers and build a positive narrative about Angola, which can attract private investment.