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Wednesday 23 June 2021
HomeAfricaAngola creates debt management unit

Angola creates debt management unit

Public Debt Management Unit tasked with coordinating, controlling and supervising internal and external pub l ic debt.

According to the Angola press agency (Angop), the purpose of the creation of the unit is to improve the mechanisms of control and management of public debt, in l ine with the principles of legality and good financial management, to contribute

to a better economy and efficiency in public expenditures.

In another development, Cabinet on Friday approved a financial agreement with Ge rmany’s Comerzbank estimated at 500 million Euros and a US$250 million credit li n e with the another German Bank, BHF bank.

Cabinet also analysed a financial accord with the Government of Poland estimated at US$60 million for the conclusion of the construction of the Maritime Science Aca demy in south-western Namibe province.

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