Luanda - The Angolan Government reiterates its confidence in the sustainability of its debt with national and international creditors, maintaining its focus on the debt strategy and the economic diversification plan, as set out in the 2025 General State Budget (OGE).
According to a press release from the Ministry of Finance, which arrived on Thursday, Jan 23, at ANGOP, Angola takes “the obligations it has towards its investors very seriously”, fulfilling its obligations in terms of sanctions imposed by the United Nations, as well as those imposed on it within the scope of agreements established with interested parties.
As per this ministerial department, the respective clarification follows the emergence of some comments regarding the transparency and sustainability of Angolan debt, in an article published on Jan 23, by the English newspaper Financial Times.
Given this scenario, the Ministry of Finance clarifies that the financing contract mentioned in the article in this newspaper was executed by Angola, in accordance with the terms and conditions agreed until the moment in which the creditors were conditioned by international sanctions that were imposed on them.
Aware of this situation, he adds, Angola fully disclosed all material information associated to this matter, in the Base Prospectus published on the London Stock Exchange, on Dec 20, 2024, as required by the Rules and Regulations of the Financial Conduct Authority of the UK (Financial Conduct Authority), the UK Emissions Registration Authority (UK Listing Authority) and the London Stock Exchange.
QCB/CF/jmc
