Source: Ministry of Finance, Republic of Angola |

Angola’s fiscal performance has been in-line with the 2016 Budget

The Ministry of Finance of the Republic of Angola is pleased to publish an update on its budgetary performance and certain other key performance indicators

The Ministry of Finance of the Republic of Angola (“Angola”) (Ba3 / B / B+), is pleased to publish an update on its budgetary performance and certain other key performance indicators.  Highlights (as of 30th June 2016): • Total Fiscal Expenditure: The 2016 Budget had forecasted $30bn; this is now…

Source: Ministry of Finance, Republic of Angola |

Angola is committed to economic diversification with the support of the IMF

The Government will work with the IMF to design and implement policies and structural reforms

The Government of Angola is aware that the high reliance on the oil sector represents a vulnerability to the public finances and the economy more broadly. The sustained efforts over many years to promote economic diversification have already resulted in a significant increase in the contribution of the non-oil sector…

Ministry of Finance, Republic of Angola
Source: Ministry of Finance, Republic of Angola |

Angola enters the International Capital Market

Angola announced the launch of sovereign debt bonds amounting to USD $1,500,000,000

Angola announced the launch of sovereign debt bonds in the international market in the form of Eurobonds, amounting to USD $1,500,000,000.00 (one thousand five hundred million US dollars), under the Executive public finance management policy, in accordance with the long-term economic and financial development programme. Among the main benefits that…