Africa-Press – Angola. On Tuesday, in Lomé, the capital of Togo, the Minister of Planning, Victor Hugo Guilherme, defended the need for countries to implement transparent debt management policies to foster sustainable economic growth. Victor Hugo Guilherme made these considerations during his speech at the High-Level Summit of the African Union on Public Debt, in which he called for the need to strengthen internal human and institutional capacities, through partnerships between the States of the continent that allow for capacity-building actions in this area.
The Minister of Planning presented the theme “The African Agenda for Public Debt Management in the Restoration and Preservation of Debt Sustainability”, and considered it “fundamental” to define a common framework for the physical and financial settlement of operations, in order to establish a basis for evaluating performance between countries and increase the level of confidence among creditors.“We must continue to work with international partners and take advantage of innovative financial solutions and pursue global reforms to ensure financial stability and resilience. We need to act as a group to solve this common problem,” he stressed.
Victor Hugo Guilherme also emphasized the importance of negotiating favorable clauses to avoid excessive risks, in order to reinforce transparency, increase investor confidence and ensure meaningful reporting.
For Victor Hugo Guilherme, negotiating with clear and transparent contractual terms is crucial, because it avoids future excuses, while adopting prudent loan conditions contributes to sustainable debt management.
The minister called for the harmonization of technical knowledge of the human capital involved in the management of public debt in African countries to avoid disparities, if the objective is to strengthen nations.
“Sharing experience promotes growth and collaboration. We believe that forums like the one we are currently meeting in could also be used to define, both at a political level and later at a technical level, the minimum requirements that each Debt Management Unit must meet,” he said.
For More News And Analysis About Angola Follow Africa-Press
