Angolan Debt $31.4 Billion, Finance Minister Says, Angop Reports

Angola’s debt is $31.4 billion, state news service Angop reported today, citing Finance Minister Carlos Alberto Lopes.

The southwest African country’s external debt is $17.8 billion, including $5.6 billion owed to China, $1.8 billion to Brazil, $1.4 billion to Portugal and $1.2 billion to Spain, Lopes told state-run Televisao Publica de Angola yesterday, Angop said. Domestic debt, issued as treasury bills to finance public spending, is $13.6 billion, he said.

Angola is the sub-Sahara’s second largest oil producer after Nigeria.

To contact the reporter on this story: Colin McClelland in Toronto at cmcclelland1@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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