The Secretary of State for Finance, Ottoniel dos Santos, announced on Tuesday in Luanda that oil-backed debt has decreased in recent years to 7.7 billion U.S. dollars, showing a different outlook compared to 2020, when it stood at 16.3 billion dollars.
According to the Secretary of State, speaking at the presentation of the 2026-2028 Debt Strategy and the 2026 Annual Debt Plan, this result was achieved thanks to technical rigor and budgetary discipline, as well as the trust and support of financial institutions and development partners.
During his speech, Ottoniel dos Santos also highlighted exposure to foreign exchange risk in the domestic market, which is limited to around 26.7% of the stock.
He pointed out that the challenge for 2026 will be reducing the high level of debt service projected, estimated at around 15.1 billion kwanzas.
Source: O País
