Africa-Press – Angola. Angola’s portfolio of issues on the London stock market of international bonds, in the form of “Eurobonds”, yesterday represents around 19% of the debt stock, informed the Ministry of Finance.
Eurobonds are all securities issued in a market whose security currency is different from the issuing market currency, in this case the Kwanza.
The data were presented by the Minister of Finance, Vera Daves, to investors in the international financial market with present or future interest in Angolan bonds, during a roadshow held last week in Washington, USA, within the framework of the spring meetings of the World Bank. and the International Monetary Fund (IMF), which ended this Sunday, April 16th.
The meeting was attended by around 60 representatives of various entities operating in the international financial market.
On the occasion, Vera Daves addressed the main macroeconomic indicators and ongoing measures for public debt management, according to a note from the sector that press had access to this Monday.
“These are numbers that investors usually like to follow and hear in the first person from the portfolio holders”, said Vera Daves, stressing that verbal information is always better than just reading reports and statistics.
The 2023 General State Budget forecasts a public debt of around 45%.
At this event, Angola presented fiscal, monetary, exchange rate and real economy policies to investors in the international financial market with a present or future interest in Angolan securities.
IFC looks more to the private sector
The Angolan delegation, still within the framework of meetings in Washington, held a meeting on Friday, 14th, with the Vice-president of the International Finance Corporation (IFC), Sérgio Pimenta, and senior staff of the institution.
During the meeting, Angola asked for greater commitment from the IFC in financing projects and initiatives from the private sector.
According to the available data, currently the pipeline of projects includes some components of technical assistance and consultancy, as well as short and long term financing, involving local banks such as BNI, BFA, BMA, among others.
In terms of infrastructure, such as transport and telecommunications, there are possibilities for IFC to get involved in supporting, in technical terms, the structuring of public-private partnerships (PPP).
IFC’s Vice President, Sérgio Pimenta, recognized the existing operational difficulties, ensuring greater involvement of the organization in the opportunities that arise.
“I recognize that we are not where we would like to be, but together we will identify the constraints and do everything to overcome them”, admitted the person in charge.
During the meeting, priorities were aligned with a focus on supporting the private sector, such as grain production, livestock, fisheries and the structuring of PPPs, with emphasis on the transport, energy and water sectors.
The IFC – International Finance Corporation – is the arm of the World Bank Group dedicated to supporting the private sector and has been operating in Angola since 2019.
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