Angolan government pays US$2.653 billion in debts from 2003 to 2010

27 January 2012

Luanda, Angola, 27 Jan – The Angolan government paid debts in the amount of US$2.653 billion to Angolan and foreign creditors between 2003 and 2010, the Finance Minister, Carlos Lopes said Thursday in Luanda.

According to Angolan news agency Angop, the minister also said that in 2003 US$380 million were paid, US$271 in 2004, US$354 million in 2005, US$363 million in 2006, US$444 million in 2007, US$513 million in 2008, US$259 million in 2009 and US$69 million in 2010.

Lopes, who was speaking at a conference organised by the MPLA Political Bureau said that the payment by the Angolan state of its total outstanding debt had been carried out by issuing treasury bonds.

Of the total Treasury Bonds issued, by December 2011, bonds worth approximately US$2 billion had been paid out.

“With that the stock of those bonds, at 31 December 2011, stands at US$644 million and the State has paid interest on them of US$325 million,” the minister said noting that those were the financial efforts made by the Angolan state to balance its debts from 2003 to 2010. (macauhub)