Managing Public Debt in Angola: A Perspective from the Minister of Finance, H.E. Vera Daves de Sousa

Angola’s Minister of Finance, H.E. Vera Daves de Sousa, recently shared insights into the management of public debt in the country amidst economic challenges. In a statement, she highlighted the risks associated with public debt in the face of economic slowdowns, social pressures, and geopolitical tensions.

The Minister emphasized the importance of reducing the dispersion of bond maturities in portfolios to mitigate risks. She noted that Angola experienced two distinct periods in public debt evolution from 2010 to 2018, with a significant increase in debt stock from 2014 to 2018.

Daves de Sousa also pointed out the impact of external shocks on Angola’s economy, particularly the decline in oil prices and production. Despite these challenges, the government has implemented economic reforms and collaborated with international institutions like the World Bank and IMF to ensure macroeconomic stability.

Looking ahead, the Minister outlined the government’s borrowing strategies for the 2022-2024 triennium, focusing on semi-concessional financing and active liability management. This aligns with the IMF’s Fiscal Consolidation Support Program, aiming to lead debt to safer levels and improve debt cost and maturity.

Overall, Angola’s public debt management remains a key priority for the government, with a strategic focus on sustainable economic growth and stability. H.E. Vera Daves de Sousa’s leadership in this area reflects a commitment to ensuring responsible financial management for the country’s future prosperity.