Nov. 28 (Bloomberg) -- 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 email@example.com
To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at firstname.lastname@example.org.