Africa Oil & Gas: Angola admits financing capability “exhaustion” of oil barrels loading model

Oil barrels hf_134319_article
Oil barrels (illustration purpose)

Luanda – The Angolan Government intends to diversify external financing mechanisms, admitting the “exhaustion” of the oil barrels loading model as a guarantee of the credit lines of financing countries, such as China.

The alert appears in the Macroeconomic Stabilization Plan (PEM), approved at the end of 2017 by the Angolan Government, with measures to improve the financial situation and the main economic indicators, at a time when the central government’s internal debt stock amounts to 5, 3 trillion kwanzas (26.5 billion euros) and the external one to 4.4 trillion kwanzas (22 billion euros).

This site uses Akismet to reduce spam. Learn how your comment data is processed.