Africa-Press – Angola. The government wants to maintain a sustainable debt profile in public finances, using concessionary financing, strengthening debt and fiscal risk management mechanisms, the Secretary of State for Finance and Treasury, Ottoniel dos Santos, reaffirmed Tuesday in Luanda.
Speaking at the presentation of the 19th edition of the ‘Banking in Analysis Study’, he said that the government was continuing to seriously study the issue of ‘green, social and sustainable’ thematic debt instruments, which could attract financing at a better cost and with better maturity conditions.
He said that this exercise depends on institutional robustness, transparency in the accounts and alignment with the principles of Social Environment and Governance (ESG).
Ottoniel dos Santos said it was important for banks to collaborate, not just as financiers, but as active partners in building a more diversified, resilient and inclusive economy.
‘We believe that the Green and Social Bonds issue, worth up to 64 million dollars, for water projects in Namibe was the first of many to finance our development,’ he emphasised.
In his view, the year 2025 imposes redoubled demands, considering that the international macroeconomic framework is becoming more volatile, due to the fall in oil prices, combined with less robust global demand, which ‘makes it necessary to speed up reforms, improve budget execution and protect the most vulnerable’.
According to the Secretary of State, the most recent forecasts indicate a downward trend in inflation, albeit at a high level, and some stabilization in international interest rates.
The 19th edition of Deloitte’s ‘Banking Study in Analysis’ includes audited financial information, on an individual basis, of the banks operating in Angola during 2024, with the exception of Access Bank Angola, S.A. and VTB Africa, S.A.
For the purposes of this study, information from the 4th quarter balance sheet of these two banks was used.
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